Integrated Wind Solutions ASA

Board/Management Information • Jan 4, 2022

Marius Magelie appointed CFO

Marius Magelie appointed CFO

Integrated Wind Solutions AS (“Integrated Wind Solutions” or “Company”) announces the appointment of Marius Magelie (39) as Chief Financial Officer with effect as of 21 February 2022. Torgeir Skøien, acting as interim CFO and Group Controller, will continue in the Company until the end of March 2022 to ensure a smooth transition.

Lars-Henrik Røren, Chief Executive Officer, comments: “We are pleased to welcome Marius Magelie as Chief Financial Officer to Integrated Wind Solutions. He brings valuable experience from the ship-leasing company Ocean Yield and the investment bank ABG Sundal Collier and will take part in building Integrated Wind Solutions into a leading offshore wind service company.”

Marius Magelie most recently served as Senior Vice President Finance & Investor Relations at Ocean Yield ASA, where he has been employed since 2014. Ocean Yield ASA was listed on the Oslo Stock Exchange and experienced strong fleet growth during that period.

Before joining Ocean Yield, Magelie was a partner and equity analyst in the Nordic investment bank ABG Sundal Collier, focusing predominantly on the shipping industry.

Mr. Magelie has a Master of Science degree in Financial Economics from the Norwegian Business School.

Oslo, 4 January 2021

For further information, please contact:

Lars-Henrik Røren

CEO Integrated Wind Solutions

Phone: +47 98 22 85 06

E-mail: lhr@integratedwind.com

About Integrated Wind Solutions AS:

Integrated Wind Solutions AS (ticker code: IWS) offers a fleet of state-of-the-art service vessels to the offshore wind industry combined with a suite of adhering services, to reduce levelized cost of energy (LCOE) for offshore wind. The Company has two UT5519DE Design Wind Farm Support Vessels under construction with delivery in 2023, and options for up to four further sister vessels. Furthermore, Integrated Wind Solutions has a supply-chain service company, IWS Services A/S, in Denmark and a 30% ownership in the independent advisor, consultancy, data intelligence and operator /AM firm, PEAK-Wind Group. Integrated Wind Solutions is headquartered in Oslo, Norway. For more information, see company website: integratedwind.com.

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