Integrated Wind Solutions ASA

Share Issue/Capital Change • Mar 24, 2021

Integrated Wind Solutions AS (IWS): Registered share capital increase

Integrated Wind Solutions AS (IWS): Registered share capital increase

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Reference is made to the stock exchange announcement made by Integrated Wind Solutions AS ("IWS" or the "Company") on 22 March 2021 regarding the successfully completed private placement of new shares in the Company (the “Private Placement”) and the resolution made by the Company’s extraordinary general meeting on 22 March 2021 to approve the Private Placement and thereby to issue 12,500,000 new shares in the Company (the “New Shares”).

The share capital increases pertaining to the Private Placements have been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret) and the New Shares have been issued. Following the registration, the registered share capital of Integrated Wind Solutions AS is NOK 35,000,000 divided into 17,500,000 shares, each with a par value of NOK 2. Each share in the Company carry one vote at the Company’s general meetings.

For further information, please contact:

Lars-Henrik Røren, Integrated Wind Solutions CEO*, phone +47 98 22 85 06 or e-mail lhr@integratedwind.com.

*Formally CEO from 1 April 2021