Hamilton, Bermuda – (12 April 2024). Funds managed by CarVal Investors have, on 9 April 2024, sold their shareholding of 14,646,637 common shares in GoodBulk Ltd. (the "Company") (N-OTC: BULK), representing 54.1% of the issued and outstanding commons shares in the Company to Bretta Navigation Corporation, a company wholly owned by John Michael Radziwill, the Company's President and Director. Consequently, Mr. Radziwill will directly and indirectly own 15,157,087 common shares in the Company, representing 56.0% of the issued and outstanding common shares in the Company. 
Following the sale, CarVal will not hold any shares in the Company. As a consequence, Gregory Belonogoff has resigned from his position as director in the Company.

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Company contact:
John Michael Radziwill
CEO and Chairman
GoodBulk Ltd. 
Tel.: + 377 97 98 59 87
Email: jmradziwill@goodbulk.com