Integrated Wind Solutions ASA

Capital/Financing Update • Sep 29, 2023

Revised yard instalments

Revised yard instalments

Integrated Wind Solutions ASA (“IWS”) has, through its wholly owned subsidiary, IWS Fleet AS, agreed with the shipyard China Merchants Industry Holdings., Ltd. (“CMI”) to postpone equity yard instalments of total EUR 36m on IWS Seawalker, IWS Starwalker, IWS Moonwalker, and IWS Sunwalker by up to one year, and thereby strengthen the company’s liquidity position.

The delivery schedules for IWS Windwalker, IWS Seawalker, and IWS Starwalker are unchanged, while IWS Moonwalker and IWS Sunwalker are moved forward by one month.

Furthermore, IWS Skywalker commenced its sea trials on 17 September in preparation for delivery in the fourth quarter. The vessel will commence the first out of three Dogger Bank (UK) contracts after delivery.

In addition, IWS is in discussions with clients for IWS Windwalker, and the company expects to enter a charter contract prior to the delivery of the vessel.

IWS has a strong cash position and favourable debt financing in place for the first four newbuildings.

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:

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 levelised cost of energy (“LCOE”) for offshore wind. The Company has six Commissioning Service Operation Vessels (“CSOVs”) under construction with delivery in 2023, 2024 and 2025 in addition to options for two additional vessels. Furthermore, IWS owns the offshore wind supply-chain service company, IWS Services A/S and has a 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.