2020 Bulkers Ltd. (Euronext Oslo Børs “2020” and Euronext NOTC “2020T”) – Change of Chief Executive Officer

By Modular Finance

Oslo, 23 October 2026

2020 Bulkers Ltd. (the “Company”) announces that as a natural consequence of the Company’s transition from its former dry-bulk business to its new AHTS operations, the group’s CEO, Lars-Christian Svensen, has resigned and will be replaced with Tom Babinski as the group’s new CEO with effect from the date hereof.

“It has been a privilege to lead 2020 Bulkers over the past years. Managing a modern Newcastlemax fleet, and then realising its value for our shareholders, has been a team effort from start to finish. I want to thank the Board for its trust and support, our shareholders for their long-standing confidence in the company, and my colleagues onshore and at sea for their dedication and professionalism. I am proud of what we have achieved together. With the dry bulk chapter now closed, the company is well positioned for its new focus on anchor handling, and I am confident it is in good hands. I wish Tom Babinski and the whole team every success going forward, says Mr. Svensen.”

The Company would like to thank Mr. Svensen for his efforts as CEO for the Company and the contributions to the successful revitalization of the Company after the conclusion of its dry-bulk business.

“On behalf of the Board, I would like to thank Lars-Christian for his leadership and commitment. During his tenure, he guided 2020 Bulkers through the operation and successful sale of its Newcastlemax fleet, realising significant value for our shareholders, and has played a key role in preparing the Company for its next chapter. At the same time, we are very pleased to welcome Tom as group CEO. As the Company builds its AHTS business, we believe Tom is the right person to lead the new organisation, develop our commercial platform and deliver long-term value for our shareholders”, says Magnus Halvorsen, Chair of the Board of Directors.

“I am truly excited to join the Company as CEO and grateful for the trust placed in me. We have a unique opportunity to build a strong business from the outset, and I look forward to working with our customers, partners, and stakeholders to establish a leading market position and create sustainable long-term value”, says Mr. Babinski.

Contact: Tom Babinski, group CEO, tel. +47 95 91 61 48

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