Himalaya Shipping Ltd. (HSHP) - Commercial Update and Key Information Relating to the Cash Distribution for July 2024

Hamilton, Bermuda, August 8, 2024

Commercial update:
In July 2024, Himalaya Shipping Ltd. ("Himalaya," or the "Company") achieved average time charter equivalent ("TCE") earnings of approximately US$37,600 per day, gross, including average daily scrubber and LNG benefits on eleven vessels of approximately US$1,800 per day. The Company's four vessels trading on fixed time charters earned approximately US$36,900 per day, gross, including average daily scrubber and LNG benefits on three vessels. The Company's eight vessels trading on index-linked time charters earned approximately US$37,900 per day, gross, including average daily scrubber and LNG benefits.

The Baltic 5TC Capesize Index averaged US$25,542 during July 2024.

The Company will have the following average rates fixed for a vessel that was previously on an index linked charter:

August to December 2024: 1 vessel at US$40,810 per day, gross

This vessel will continue to earn scrubber premium according to the terms of its existing time charter agreement.

Cash distribution:
The Board has approved a cash distribution of US$0.06 per share for July 2024. The distribution will be made from the Company's Contributed Surplus account.

Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository:

Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway, please note the information regarding the payment date for the shares registered in Euronext VPS below.

Key information:

Distribution amount: US$0.06 per share
Declared currency: US$. Distributions payable to shares registered with Euronext VPS will be paid out in NOK with fixing date on August 30, 2024.
Date of approval: August 7, 2024
Record date: August 19, 2024
Payment date: On or about August 30, 2024.
Due to the shortening of the Settlement Cycle in the US markets, the following dates apply to shares traded in the New York Stock Exchange:
Last day including right: August 16, 2024
Ex-date: August 19, 2024

The following dates apply to shares traded on Euronext:
Last day including right: August 15, 2024
Ex-date: August 16, 2024

Due to the implementation of CSDR in Norway, distributions payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about September 4, 2024.

This information is published in accordance with the requirements of the Continuing Obligations.

About Himalaya Shipping Ltd.:
Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has twelve vessels in operation.

Himalaya Shipping Ltd. press release