2020 Bulkers Ltd. (2020) Approval issuance of shares

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.