2020 Bulkers Ltd. (the "Company") advises that the 2026 Annual General Meeting of the Company was held on Tuesday, August 25, 2026, at 4:00 p.m. CET at the Company's office at Tjuvholmen Allé 3, 0252 Oslo, Norway. The audited consolidated financial statements for the Company for the year ended December 31, 2025, were presented at the Meeting.
The following resolutions were passed:
1. To set the maximum number of Directors to be not more than five (5).
2. To resolve that vacancies in the number of Directors be designated as casual vacancies and that the Board of Directors be authorised to fill such vacancies as and when it deems fit.
3. To re-elect Magnus Halvorsen as a Director of the Company.
4. To re-elect Viggo Bang-Hansen as a Director of the Company.
5. To re-elect Lori Wheeler Naess as a Director of the Company.
6. To re-appoint Ernst & Young AS as auditor and to authorise the Directors to determine their remuneration.
7. To approve remuneration of the Company's Board of Directors of a total amount of fees not exceeding US$250,000 for the year ending December 31, 2026.
8. To pass the following resolutions to ensure time and cost efficient sharing of documents with the Company's shareholders:
To the extent permitted under applicable law from time to time, the Company may use electronic communication when notices, documents, notifications and similar items are to be given to a shareholder. This shall not, however, apply to shareholders who have opted out of such use of electronic communication.
Oslo, Norway
August 25, 2026