2020 Bulkers Ltd. (2020) Increase in share capital

Oslo, Norway, November 19, 2025

In connection with exercise of share options, the Company has issued 10,000
common shares on November 19, 2025. Following the share issuance, 2020 Bulkers
Ltd. has an issued share capital of US$22,880,906 divided into 22,880,906
common shares of par value US$1.00 each.

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.