Oslo, Norway, November 19, 2025 Reference is made to the announcements by 2020 Bulkers Ltd. (the "Company") regarding its share option program. The Company has received exercise notice from a participant in the share incentive program and the board of directors has consequently resolved to issue 10 000 new shares. The shares will be issued to the option holder at a strike price of USD 11.42 per share. In total, 10 000 options were exercised. For further queries, please contact: Lars-Christian Svensen, Chief Executive Officer, 2020 Bulkers Management AS. Telephone +47 476 38 756 About 2020 Bulkers Ltd.: 2020 Bulkers has six Newcastlemax dry bulk vessels in operation. All vessels are fitted with exhaust scrubber systems.
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