Oslo, Norway ,February 7, 2024 2020 Bulkers Ltd. ("2020 Bulkers " or the "Company"), today announced its unaudited financial and operating results for the three and twelve months endedDecember 31, 2023 . Key events during the fourth quarter of 2023 · The Company reported net profit ofUS$14.8 million and EBITDA ofUS$20.7 million for the fourth quarter of 2023. · Achieved average time charter equivalent earnings of approximatelyUS$36,300 per day, gross. · The Company declared total cash distributions and dividend ofUS$0.59 per share for the months of October, November andDecember 2023 . Subsequent Events · Achieved average time charter equivalent earnings forJanuary 2024 of approximatelyUS$27,100 , per day, gross. · InFebruary 2024 , the Company declared a dividend ofUS$0.10 per share forJanuary 2024 . The Board of Directors Report, the Condensed Consolidated Financial Statements and the Q4 2023 Presentation are available in the enclosed files. About2020 Bulkers Ltd. 2020 Bulkers Ltd. is a limited liability company incorporated inBermuda on26 September 2017 . The Company's shares are traded on Oslo Børs under the ticker "2020".2020 Bulkers is an owner and operator of large dry bulk vessels. The Company has eight Newcastlemax dry bulk vessels in operation.February 7, 2024 Board of Directors2020 Bulkers Ltd. Oslo, Norway
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