Himalaya Shipping Ltd. announced a private placement to issue common shares for the gross proceeds of $17,500,000 on December 12, 2023. The transaction will include participation from new investor Drew Holdings Ltd. who was pre committed for $4,500,000 common shares, Bjørn Isaksen and Herman Billung committed to subscribe for 50,000 shares and 4,000 Offer Shares. The Offer Shares will upon delivery be recorded in Euronext Securities Oslo (?Euronext VPS?).

No Offer Shares will be offered or sold to the public in the United States or in transactions on the New York Stock Exchange. The book building period in the Private Placement commences today on 12 December 2023 and closes on 13 December 2023. The Private Placement will be directed towards Norwegian and international investors subject to and in compliance with applicable exemptions from relevant registration, filing and prospectus requirements, and subject to other applicable selling restrictions.

The completion of the Private Placement is subject to all necessary corporate resolutions being validly made by the Company, including the approval by the Board, and the Board?s resolution to allocate and issue the Offer Shares, and the issuance of the Offer Shares in Euronext VPS having taken place.