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.