2020 Bulkers Ltd. announced the appointment of Mr. Magnus Halvorsen as a director of the Company to fill a vacancy and his appointment as Chairperson of the Board on December 30, 2021. Following the appointment as Chairperson of the Board, Mr. Halvorsen has resigned as CEO of 2020 Bulkers Management AS, effective as of February 1, 2022. Mr. Jens Martin Jensen has resigned as a Director of the Company effective December 30, 2021.