2020 Bulkers Ltd. (2020) – July 2022 Cash Distribution Business Update and Key Information

Oslo, Norway, August 10, 2022

Business update:

In July 2022the Company has achieved average time charter equivalent revenues of approximately $32,500 per day, gross. The Company’s six vessels trading on indexed time charter earned approximately $30,600 per day, gross, including scrubber average daily benefits of approximately $4,100 per day. The Company’s two vessels operating on fixed-time charter earned approximately $38,100 per day, gross, including scrubber average daily benefits of approximately $6,400 per day.

The Baltic 5TC Capesize Index Average $20,173 during July 2022.

Cash distribution:

The board approved a cash distribution of $0.18 per share for July 2022. The distribution will be made from the Company’s contributed surplus account, which consists of previously paid share premium transferred from the Company’s share premium account.

Key information:

Distribution amount: $0.18 per share

Declared currency: US$

Date of approval : August 9, 2022

Last day including the right: August 18, 2022

Date of secondment: August 19, 2022

Registration Date : August 22, 2022

Date of payment: On or about August 30, 2022

For any other questions, please contact:

Magnus HalvorsenPresident, 2020 Bulk Carriers Ltd.

Telephone +47 920 20 111

About 2020 Bulk Carriers Ltd.

Bulk carriers 2020 has eight Newcastlemax dry bulk carriers in operation. All ships are equipped with exhaust gas cleaning systems.

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