Forward-Looking Statements

This communication contains statements that may constitute forward-looking statements. These statements include, but are not limited to: statements related to the Company’s views and expectations regarding Diana Shipping Inc.’s unsolicited tender offer; any statements relating to the plans, strategies and objectives of management or the Company’s Board for future operations and activities; any statements concerning the expected development, performance, market share or competitive performance relating to products or services; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on the Company and its financial performance; and any statements of assumptions underlying any of the foregoing. Forward-looking statements can be identified by the fact that they do not relate strictly to historic or current facts and often use words such as “anticipate,” “budget,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning in connection with a discussion of potential future events, circumstances or future operating or financial performance. These forward-looking statements are based on our management’s current expectations and observations. Included among the factors that, in our view, could cause actual results to differ materially from the forward looking statements contained in this release are the following: (i) the Company’s plans and objectives for future operations; (ii) that any transaction based on Diana’s non-binding indicative proposal or otherwise may not be consummated at all; (iii) the ability of Genco and its shareholders to recognize the anticipated benefits of any such transaction; (iv) the exercise of the discretion of our Board regarding the declaration of dividends, including without limitation the amount that our Board determines to set aside for reserves under our dividend policy; and (v) other factors listed from time to time in our filings with the SEC, including, without limitation, our Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent reports on Form 8-K and Form 10-Q. Our ability to pay dividends in any period will depend upon various factors, including the limitations under any credit agreements to which we may be a party, applicable provisions of Marshall Islands law and the final determination by the Board of Directors each quarter after its review of our financial performance, market developments, and the best interests of the Company and its shareholders. The timing and amount of dividends, if any, could also be affected by factors affecting cash flows, results of operations, required capital expenditures, or reserves.  As a result, the amount of dividends actually paid may vary. In addition, the forward-looking statements included in this communication represent the Company’s views as of the date of this communication and these views could change. However, while the Company may elect to update these forward-looking statements at some point, the Company specifically disclaims any obligation to do so, other than as required by federal securities laws. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this communication.

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Important Information for Investors and Shareholders

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The Company has filed a solicitation/recommendation statement on Schedule 14D-9 with the SEC (available here). Any solicitation/recommendation statement filed by the Company that is required to be mailed to shareholders will be mailed to shareholders. THE COMPANY’S INVESTORS AND SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE COMPANY’S SOLICITATION/RECOMMENDATION STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and shareholders may obtain a copy of the solicitation/recommendation statement on Schedule 14D-9, any amendments or supplements thereto and other documents filed by the Company with the SEC at no charge at the SEC’s website at www.sec.gov. Copies will also be available at no charge by clicking the “SEC Filings” link in the “Financials” section of the Company’s investor relations website at https://investors.gencoshipping.com/, or by contacting Peter Allen as soon as reasonably practicable after such materials are electronically filed with, or furnished to, the SEC.

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Important Information for Investors and Shareholders

The Company has filed a definitive proxy statement on Schedule 14A, an accompanying WHITE proxy card, and other relevant documents with the SEC in connection with the solicitation of proxies from the Company’s shareholders for the Company’s 2026 Annual Meeting of Shareholders. THE COMPANY’S SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE COMPANY’S DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), THE ACCOMPANYING WHITE PROXY CARD, AND ANY OTHER DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Shareholders may obtain a free copy of the definitive proxy statement, an accompanying WHITE proxy card, any amendments or supplements to the definitive proxy statement, and other documents that the Company files with the SEC at no charge from the SEC’s website at www.sec.gov. Copies will also be available at no charge by clicking the “SEC Filings” link in the “Financials” section of the Company’s investor relations website at https://investors.gencoshipping.com/.

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Shareholder Resources

Shareholder Letters

May 18, 2026

Genco Shareholder Letter

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May 15, 2026

Genco Shareholder Letter

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May 7, 2026

Genco Shareholder Letter

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March 30, 2026

Genco Shareholder Letter

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Infographics

May 12, 2026

Genco Myth vs Fact Infographic

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Presentations

May 21, 2026

Delivering Superior Returns and Creating Value for All Shareholders

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Press Releases

May 21, 2026

Genco Shipping & Trading Limited Files Investor Presentation and Urges Shareholders to Vote for the Company’s Highly Qualified Nominees and Reject Diana’s Inadequate Tender Offer

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May 18, 2026

Genco Shipping & Trading Limited Responds to Diana’s Latest Misleading Claims and Gamesmanship

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May 18, 2026

Genco Shipping & Trading Limited Sends Letter to Shareholders from Chairman and CEO John Wobensmith

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May 15, 2026

Genco Shipping & Trading Limited Board of Directors Unanimously Rejects Diana Shipping’s Unsolicited Tender Offer

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May 12, 2026

Genco Shipping & Trading Limited Sets the Record Straight on Diana’s False and Misleading Claims

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May 7, 2026

Genco Shipping & Trading Limited Issues Statement Regarding Diana’s Unsubstantiated Assertions

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May 7, 2026

Genco Shipping & Trading Limited Files Definitive Proxy Materials and Mails Letter to Shareholders

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May 4, 2026

Genco Shipping & Trading to Review Diana Shipping’s Unsolicited Tender Offer

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April 24, 2026

Genco Shipping & Trading Files Preliminary Proxy Statement in Connection with 2026 Annual Meeting of Shareholders

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April 13, 2026

Genco Shipping & Trading Issues Statement Regarding Diana Shipping’s Letter to Shareholders

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April 7, 2026

Genco Shipping & Trading Launches Website for Shareholders

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March 30, 2026

Genco Shipping & Trading Sends Letter to Shareholders

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March 20, 2026

Genco Shipping & Trading Issues Statement

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March 19, 2026

Genco Shipping & Trading Rejects Revised, Non-Binding Indicative Proposal from Diana Shipping Inc.

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March 6, 2026

Genco Shipping & Trading Responds to Revised Unsolicited Proposal from Diana Shipping Inc.

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January 16, 2026

Genco Shipping & Trading Responds to Diana Shipping Inc.’s Intent to Nominate Directors to Replace Entire Genco Board

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January 13, 2026

Genco Shipping & Trading Rejects Non-Binding Indicative Proposal from Diana Shipping Inc.

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November 24, 2025

Genco Shipping & Trading Confirms Receipt of a Non-Binding Indicative Proposal from Diana Shipping Inc.

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Presentations

Date

Resource Title

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SEC Filings

May 21, 2026

Genco Shipping & Trading Limited Issues Investor Presentation and Posts on LinkedIn

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May 18, 2026

Genco Shipping & Trading Sends Letter to Shareholders, Issues Statement and Posts on LinkedIn

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May 15, 2026

Genco Shipping & Trading Shareholder Letter, Rejection of Unsolicited Tender and LinkedIn Post

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May 15, 2026

Genco Shipping & Trading Schedule 14D-9

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May 12, 2026

Genco Shipping & Trading Sets the Record Straight on Diana’s False and Misleading Claims and Sends Infographic to its Shareholders

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May 7, 2026

Genco Shipping & Trading Limited Issues Statement Regarding Diana’s Unsubstantiated Assertions

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May 7, 2026

Genco Shipping & Trading Letter to Shareholders and LinkedIn Post

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May 7, 2026

Genco Shipping & Trading Definitive Proxy Statement

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May 4, 2026

Genco Shipping & Trading to Review Diana Shipping’s Unsolicited Tender Offer

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April 24, 2026

Genco Shipping & Trading Preliminary Proxy Statement

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April 13, 2026

Genco Shipping & Trading Issues Statement Regarding Diana Shipping’s Letter to Shareholders

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April 7, 2026

Genco Shipping & Trading Launches Website for Shareholders

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March 31, 2026

Genco Shipping & Trading Letter to Shareholders and LinkedIn Post

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March 30, 2026

Genco Shipping & Trading Sends Letter to Shareholders

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March 20, 2026

Genco Shipping & Trading Issues Statement

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March 19, 2026

Genco Shipping & Trading Rejects Revised, Non-Binding Indicative Proposal from Diana Shipping Inc.

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March 6, 2026

Genco Shipping & Trading Responds to Revised Unsolicited Proposal from Diana Shipping Inc.

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January 16, 2026

Genco Shipping & Trading Responds to Diana Shipping Inc.’s Intent to Nominate Directors to Replace Entire Genco Board

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January 13, 2026

Genco Shipping & Trading Rejects Non-Binding Indicative Proposal from Diana Shipping Inc.

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November 24, 2025

Genco Shipping & Trading Confirms Receipt of a Non-Binding Indicative Proposal from Diana Shipping Inc.

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