Himalaya Shipping Ltd.

The dry bulk shipping industry (and projections, assumptions and estimates based on such data) may not be reliable indicators of our future performance and the future performance of the dry bulk shipping industry. See the sections entitled Item 3. Key Information D. Risk Factors and Cautionary Statement Regarding Forward-Looking Statements. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This report and any related discussions contain statements that constitute forward-looking statements. Within the meaning of the Private Litigation Securities Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements appear in a number of places in this document and include statements regarding our intent, belief or current expectations, and many of the forward-looking statements contained in this annual report can be identified by the use of forward-looking words such as anticipate, believe, may, could, expect, should, plan, intend, estimate, objective and potential, among others. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management, and include the following: our charters and charter strategy; expected trends in our industry, including those discussed under Item 4.B.