2020 Bulkers Ltd. (the "Company") advises that the 2025 Annual General Meeting
of the Company was held on Tuesday, May 6th, 2025 at 4:00 p.m. at the
Company's offices at Tjuvholmen Allé 3, 0252 Oslo, Norway. The audited
consolidated financial statements for the Company for the year ended December
31, 2024 were presented to the Meeting.
The following resolutions were passed:
1. To set the maximum number of Directors to be not more than five.
2. To resolve that vacancies in the number of Directors be
designated as casual vacancies and that the Board of Directors be authorized
to fill such vacancies as and when it deems fit.
3. To re-elect Mr Magnus Halvorsen as a Director of the Company.
4. To re-elect Mr Viggo Bang-Hansen as a Director of the Company.
5. To re-elect Mrs Lori Wheeler Naess as a Director of the Company.
6. To appoint Ernst & Young AS as auditors and to authorise the
Directors to determine their remuneration.
7. To approve remuneration of the Company's Board of Directors (the
"Board") of a total amount of fees not to exceed US$250,000 for the year
ending December 31, 2025.
Oslo, Norway
May 7, 2025