Himalaya Shipping Ltd. (HSHP) – Commercial Update and Key Information Relating to the Cash Distribution for May 2026

About this update from Himalaya Shipping Ltd.

Hamilton, Bermuda, June 9, 2026Commercial update:In May 2026, Himalaya Shipping Ltd. (“Himalaya,” or the “Company”) achieved average time charter equivalent (“TCE”) earnings of approximately US$57,200 per day, gross[1], including average daily scrubber benefits of approximately US$1,300 per day. The Company's eleven vessels trading on index-linked time charters earned approximately US$59,600 per day, gross, including average daily scrubber benefits. The Company's one vessel trading on a fixed time charter earned approximately US$30,300 per day, gross. The reported earnings for one of our vessels for a specific month is, due to terms under its existing index-linked time charter contract, primarily based on Capesize index rates for the previous month plus a premium. This means that the reported earnings for May for this vessel is primarily based on the Capesize index rates for April plus a premium.The Baltic 5TC 180 Capesize Index averaged US$42,475 during May 2026.Cash distribution:The Board has approved a cash distribution of US$0.22 per share for May 2026. 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$0.22 per shareDeclared currency: US$. Distributions payable to shares registered with Euronext VPS will be paid out in NOK with fixing date on June 26, 2026.Date of approval: June 8, 2026Record date: June 22, 2026Payment date: On or about June 26, 2026.The following dates apply to shares traded on Euronext:Last day including right: June 18, 2026Ex-date: June 19, 2026Due 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 June 30, 2026.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: June 18, 2026Ex-date: June 22, 2026This information is published in accordance with the requirements of the Continuing Obligations.For further queries, please contact:  Lars-Christian Svensen, C...

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