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Himalaya Shipping Ltd. (HSHIP) – Annual Report 2021

Hamilton, Bermuda, March 11, 2022

Himalaya Shipping Ltd. announces that the Annual Report for the year ended December 31, 2021, has been approved by the Board of Directors of the Company.

There were no changes to the consolidated statement of operations or consolidated balance sheet compared to those presented on February 28, 2022.

The Annual Report for 2021 is enclosed and is also available on the Company’s website: https://himalaya-shipping.com.

Himalaya Shipping Annual Report 2021

Himalaya Shipping Ltd. (HSHIP) – Company Presentation

Please see attached company presentation.

For further queries, please contact:

Herman Billung, Contracted CEO

Telephone +47 918 31 590

About Himalaya Shipping Ltd.:

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has ordered 12 LNG dual fuelled Newcastlemax dry bulk carriers with delivery between Q2 2023 and Q4 2024.

Himalaya Shipping - Company Presentation

Himalaya Shipping Ltd. (HSHIP) – Results for the fourth quarter of 2021

Hamilton, Bermuda, February 28, 2022

Himalaya Shipping Ltd. (“Himalaya” or the “Company”), today announced its unaudited financial and operating results for the three months and period from March 17 to December 31, 2021.

Key events during the fourth quarter of 2021

The Company reported net loss of US$0.5 million

On October 30, 2021, Mr. Erling Lind resigned as a Director of the Company and was replaced with Carl Erik Steen who was appointed Director of the Company from November 1, 2021.

In December, the Company received credit approval for the sale leaseback financing of the first four vessels to be delivered from New Times Shipyard.

On December 22, 2021, the Company was listed on the Euronext Growth.

On December 30, 2021, the Company appointed Herman Billung as functioning CEO, effective as of February 1, 2022, under the management agreement between 2020 Bulkers Management AS and Himalaya Shipping Ltd.

Subsequent Events

In February 2022, the Company completed the sale leaseback financing for the first four newbuildings to be delivered from New Times Shipyard.

In February 2022, the Company received credit approval for sale leaseback financing for the last eight newbuildings to be delivered from New Times Shipyard.

The Board of Directors Report and the Condensed Consolidated Financial Statements are available in the enclosed files.

For further queries please contact Herman Billung, Contracted CEO, +47 918 31 590.

About Himalaya Shipping Ltd.:

February 28, 2022

Board of Directors

Himalaya Shipping Ltd.

Hamilton, Bermuda

Himalaya Shipping Consolidated financial statements Q4 2021

Himalaya Shipping Board of Directors Report Q4 2021

Himalaya Shipping Ltd. (HSHIP): Appointment of CEO

Hamilton, Bermuda, December 31, 2021

Effective as of February 1, 2022. Mr. Herman Billung will be appointed as acting CEO of Himalaya Shipping Ltd, under the management agreement between 2020 Bulkers Management AS and Himalaya Shipping Ltd. Mr. Billung has a 31 year career in international shipping. He held various positions within the Torvald Klaveness Group from 1989 – 1991. From 1994 – 1998 he served as Managing Director of Frapaco Shipping Ltd. From 1998 – 2005 Mr Billung returned to the Torvald Klaveness group as Managing Director of Maritime Services. From 2005 – 2016 he acted as CEO of Golden Ocean Management AS, prior to establishing Songa Bulk in 2016 with Arne Blystad as a main shareholder. In 2018 Songa Bulk was sold to Star Bulk Carriers Corp. where Mr. Billung since then has served as Senior Vice President and General Manager. Mr. Billung is a Norwegian Citizen and a resident of Norway.

For further queries, please contact:

Vidar Hasund, contracted CFO, Himalaya Shipping Ltd

Telephone +47 913 617 26