2020 Bulkers Ltd. (2020) – Commercial update and key information relating to the dividend for May 2021

Hamilton, Bermuda, June 8, 2021

Commercial update:

In May 2021, the Company achieved average time charter equivalent earnings of approximately US$43,700 per day, gross. The Company’s six vessels trading on index-linked time charter earned approximately US$48,400 per day, gross, including average daily scrubber benefits of approximately US$2,200 per day. The Company’s two vessels trading on fixed time charter earned approximately US$29,800 per day, gross, including average daily scrubber benefits of approximately US$2,400 per day.

The Baltic 5TC Capesize Index averaged US$35,508 during May 2021.

Dividend:

The Board has approved the payment of a dividend of US$0.30 per share for May 2021.

Key information:

Dividend amount: US$0.30 per share

Declared currency: US$

Date of approval: June 7, 2021

Last day including right: June 16, 2021

Ex-date: June 17, 2021

Record date: June 18, 2021

Payment date: On or about June 29, 2021

For further queries, please contact:

Magnus Halvorsen, Chief Executive Officer, 2020 Bulkers Management AS

Telephone +47 920 20 111

About 2020 Bulkers Ltd.:

2020 Bulkers has eight Newcastlemax dry bulk vessels in operation. All vessels are fitted with exhaust scrubber systems.