Diana Shipping Inc. Announces Successful US$25 Million Tap Issue

Diana Shipping Inc. (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, has successfully completed a US$25 million tap issue under its outstanding senior unsecured bond issue due July 2, 2029 with ISIN NO0013265835 (the "Bonds"). Total outstanding amount under the Bonds following the tap issue is US$175 million. The tap issue was initiated by a reverse inquiry and was priced at 102.00% of par value. Net proceeds from the tap issue will be used for general corporate purposes in accordance with the Bonds’ terms.