2020 Bulkers Ltd. Key Information in connection with the potential Subsequent Offering

Reference is made to the stock exchange announcement made by 2020 Bulkers Ltd. (the "Company") on 22 September 2026 regarding a private placement in the Company of up to USD 175 million at USD 0.299 per share (the "Private Placement") and a potential subsequent repair offering of at the same subscription price as in the Private Placement (the "Subsequent Offering").

Any such Subsequent Offering, if applicable, and subject to applicable securities laws, will be directed only towards existing eligible shareholders in the Company as of 23 September 2026 (as registered with the VPS two trading days thereafter) who (i) were not allocated Offer Shares in the Private Placement and (ii) are not resident in a jurisdiction where such offering would be unlawful, or would (in jurisdictions other than Norway) require any prospectus filing, registration or similar action.

The further terms regarding eligibility to participate and allocation criteria will be determined by the Board and included in the Prospectus. The Company reserves the right, in its sole discretion, to not proceed with or to cancel the Subsequent Offering. The subscription period for the Subsequent Offering, if any, will commence at a time to be determined by the Board, following approval of the Prospectus. Any subscription rights in the Subsequent Offering will be non-transferable, and oversubscription limited to up to EUR 100,000 per eligible shareholder

The following key information is provided with respect to the Subsequent Offering:

Date on which the terms and conditions of the Subsequent Offering were announced: 22 September 2026

Last day including right: 23 September 2026

Ex-date: 24 September 2026

Record date: 25 September 2026

Date of approval: 22 September 2026 (subject to final approval by the board of launch of the Subsequent Offering and approval by the SGM of the Company)

Maximum number of new shares: 26 505 079

Subscription price: NOK 2.83 per share, being the NOK equivalent of USD 0.299 per share

Shall the rights be listed: No

Other information: The Subsequent Offering is subject to, inter alia, completion of the Private Placement, approval by the SGM and the publication of a Prospectus. Whether or not the Subsequent Offering will ultimately take place, will depend inter alia on the development of the price of the shares in the Company after completion of the Private Placement, and the Company reserves the right in its sole discretion to not conduct or to cancel the Subsequent Offering.

This information is published in accordance with the requirements of the Continuing Obligations for Euronext Oslo Børs.

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