Diana Shipping Inc. Urges Genco Shipping & Trading Shareholders to Vote for Jens Ismar and Paul Cornell to the Board, and Vote Against Genco’s Poison Pill and Equity Incentive Plan Ahead of Annual Meeting on June 18 in Hellenic Shipping News 11/06/2026 Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of Genco Shipping & Trading Limited, today urged Genco shareholders to use the June 18 Annual Meeting of Shareholders (the “Annual Meeting”) as an opportunity to send a clear and decisive message about the Genco Board of Directors’ (the “Genco Board”) track record of entrenchment and favoring the interests of Genco management over shareholders — by voting FOR Diana’s nominees Jens Ismar and Paul Cornell, who would bring fresh, independent perspectives to the Genco Board, and AGAINST Genco’s proposals to ratify its poison pill and equity incentive plan. With significant investor support emerging against both governance proposals, Diana believes shareholders have a rare and time-sensitive opportunity to hold the Genco Board accountable. Diana encourages all Genco shareholders to vote the GOLD universal proxy card: AGAINST Genco’s equity incentive plan (Proposal 3): Institutional Shareholder Services (“ISS”) has recommended shareholders vote AGAINST Genco’s equity incentive plan, finding the cost excessive and citing concerns about plan features and grant practices. The proposed amendment would authorize an additional 1.673 million shares, diluting current shareholders by approximately 3.8%, and includes an expansive change-in-control definition that could trigger accelerated vesting of equity awards and impose additional costs on Genco shareholders. Shareholders have expressed meaningful opposition to this proposal, and Diana believes a vote against adoption of the incentive plan sends an important message that the Genco Board’s compensation practices — includin