Himalaya Shipping Ltd. announce that from April 1, 2025, Mr. Svensen will transition and will assume the role as Chief Executive Officer of 2020 Bulkers Management AS, as well as be appointed as functioning Chief Executive Officer of Himalaya Shipping Ltd, under the management agreement between 2020 Bulkers Management AS and Himalaya Shipping Ltd. This will coincide with the present Chief Executive Officer, Herman Billung, reaching his retirement age at 67 years. Following his retirement from his current role as Chief Executive Officer, Mr. Billung will assume a role as Special Advisor to the Board and Management of 2020 Bulkers and Himalaya Shipping. Mr. Svensen has a 17-year career in international shipping. From 2007 to 2008, he worked as a shipbroker for Cmarine Services and from 2008 to 2009, he served as a Project Analyst for Petredec Pte Ltd. in Singapore. From 2009 to 2020, Mr. Svensen was employed by Western Bulk, where he held various positions within the group in Singapore (Head of Arabian Gulf), Seattle, US (President), and Oslo (Senior Vice President). From 2020 - 2024, he acted as CCO and CEO of Golden
Ocean Management AS.