Integrated Wind Solutions ASA

Share Issue/Capital Change • May 27, 2024

Strategic Partnership concluded between IWS and Sumitomo Corporation

Strategic Partnership concluded between IWS and Sumitomo Corporation

Integrated Wind Solutions ASA (“IWS”) and Sumitomo Corporation have entered into a strategic partnership agreement through IWS's subsidiary IWS Fleet AS (“IWS Fleet”).

IWS Fleet will raise EUR 60 million in equity by issuing new shares to Sumitomo Corporation based on a pre-money valuation of EUR 176 million. Upon completion of the transaction, Sumitomo Corporation will own 25.38% of IWS Fleet AS, with IWS continuing to own the remaining shares. The transaction is expected to be closed in June. Sumitomo Corporation will be represented at the IWS Fleet Board of Directors.

Sumitomo Corporation is a Japanese integrated trading company. It has been ranked in the Fortune Global 500 for 29 years as one of the global companies leading the world's development. Sumitomo Corporation’s global business activities are spread across many industries, including infrastructure and shipping.

Lars-Henrik Røren, the CEO of IWS, commented: “It has been a year since we embarked on this journey, and we are both humbled and proud to have teamed up with Sumitomo Corporation. We thank General Manager Mr. Takanaru Toyota, Ship & Marine Strategic Business Unit, and his dedicated team for a constructive process. We are enthusiastic about continuing to build IWS Fleet into a leading CSOV company together and exploring further expansion. IWS Fleet will be in a financially strong position following this transaction.”

Takanaru Toyota, General Manager, Ship & Marine Strategic Business Unit, Sumitomo Corporation commented: “It is with much excitement that we enter into the partnership with IWS and take part in IWS Fleet’s ownership. IWS and Sumitomo Corporation share many visions and ambitions in the offshore wind industry where we see exponential growth and opportunities. We firmly believe that this partnership will boost IWS Fleet’s presence and enhance the value it creates in the CSOV market by leveraging the expertise and network each of us has. Our heartfelt thanks go to Mr. Lars-Henrik Røren and his team for their open-minded attitude, professionalism and hard work leading to where we are today.“

Wiersholm acted as legal adviser to IWS.

For further information, please contact:

Lars-Henrik Røren

CEO Integrated Wind Solutions

Phone: +47 98 22 85 06

E-mail: lhr@integratedwind.com

Marius Magelie

CFO Integrated Wind Solutions

Phone: +47 920 27 419

E-mail: mm@integratedwind.com

About Sumitomo Corporation:

Sumitomo Corporation (TYO: 8053) is an integrated trading company with a strong global network comprising 129 offices in 66 countries and regions. The Sumitomo Corporation Group consists of approximately 900 companies and 80,000 employees on a consolidated basis. The Group's business activities are spread across the following nine groups: Steel, Automotive, Transportation & Construction Systems, Diverse Urban Development, Media & Digital, Lifestyle Business, Mineral Resources, Chemicals Solutions and Energy Transformation Business. Sumitomo Corporation is committed to creating greater value for society under the corporate message of "Enriching lives and the world," based on Sumitomo’s business philosophy passed down for over 400 years. Sumitomo Corporation

About IWS:

Integrated Wind Solutions ASA offers a fleet of state-of-the-art service vessels to the offshore wind industry combined with a suite of adhering services to reduce the levelized cost of energy (“LCOE”) for offshore wind. The Company owns 74.62% of IWS Fleet AS, which has two Commissioning Service Operation Vessel (“CSOV”) delivered and four CSOVs under construction with delivery in 2024 and 2025. Furthermore, IWS owns the offshore wind supply-chain service company, IWS Services A/S and has 30% ownership in the independent advisor, consultancy, data intelligence and wind farm operator firm PEAK Wind Group.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.