The Board of 2020 Bulkers Ltd. has approved a cash distribution of $0.08 per share for May 2023. The distribution will be made from the Company's Contributed
Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval: June 7, 2023. Ex-date: June 22, 2023. Record date: June 23, 2023. Payment date: On or about June 30, 2023.