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

Hamilton, Bermuda, January 8, 2025

Commercial update:
In December 2024, Himalaya Shipping Ltd. ("Himalaya," or the "Company") achieved average time charter equivalent ("TCE") earnings of approximately US$20,200 per day, gross, including average daily scrubber and LNG benefits on eleven vessels of approximately US$2,900 per day. The Company's one vessel trading on a fixed time charter earned approximately US$30,000 per day, gross. The Company's eleven vessels trading on index-linked time charters earned approximately US$19,300 per day, gross, including average daily scrubber and LNG benefits.

The Baltic 5TC Capesize Index averaged US$11,573 during December 2024.

Cash distribution:

The Board has approved a cash distribution of US$0.005 per share for December 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$0.005 per share
Declared currency: US$. Distributions payable to shares registered with Euronext VPS will be paid out in NOK with fixing date on February 5, 2025.
Date of approval: January 7, 2025
Record date: January 21, 2025
Payment date: On or about February 5, 2025.
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: January 17, 2025
Ex-date: January 21, 2025

The following dates apply to shares traded on Euronext:
Last day including right: January 17, 2025
Ex-date: January 20, 2025
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 February 10, 2025.
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