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Eneti Inc. Announces First Quarter Net Income of $41.9 Million Eneti Inc. reported its results for the three months ended March 31, 2021. The Company also announced that on May 14, 2021 its Board of Directors declared a quarterly cash dividend of $0.05 per share on the Company’s common shares. Results for the Three Months Ended March 31, 2021 and 2020 • For the first quarter of 2021, the Company’s GAAP net income was $41.9 million, or $3.84 per diluted share, including: • a gain subsequent to an increase in fair value less costs to sell of approximately $15.5 million, or $1.43 per diluted share, taken related to the Company’s previously announced plan to exit the dry bulk industry. The gain is primarily the result of an increase in the fair value of common shares of Star Bulk Carriers Corp. (“Star Bulk”) (NASDAQ: SBLK) and Eagle Bulk Shipping Inc. (“Eagle”) (NASDAQ: EGLE) received or to be received as a portion of the compensation for the purchase of certain of

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