Cadeler A/S

Reporting of transactions made by persons discharging managerial responsibilities and persons closely associated with them in Cadeler A/S' shares

1	Details of the Reporting Person and their Closely Associated Persons
a)	Name	Niki Invest ApS
2	Reason for the notification
a)	Position/status	Closely associated person to Ditlev Wedell-Wedellsborg, member of the Board of Directors
b)	Initial notification /Amendment	Initial notification
3	auctioneer or auction monitor	Details of the issuer, emission allowance market participant, auction platform,
a)	Name	Cadeler A/S
b)	LEI	9845008439EUED140282
4.1	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Shares ISIN DK0061412772
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 9,830 NOK 40.0341 5,899 NOK 40.0200
d)	Aggregated information - Aggregated volume - Price	Average price per share: NOK 40.0288 Total number of shares: 15,729 shares Total price: NOK 629,613.1830
e)	Date of the transaction	21 November 2025
f)	Place of the transaction	Oslo Stock Exchange, XOSL
4.2	been conducted	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have
a)	Description of the financial instrument, type of instrument and identification code	Shares ISIN DK0061412772
b)	Nature of the transaction	Purchase of shares

c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 41.0000	7,684
		NOK 40.8000	5,791
		NOK 40.7600	3,075
d)	Aggregated information	Average price per share: NOK 40.8854
	- Aggregated volume	Total number of shares: 16,550 shares
	- Price	Total price: NOK 676,653.8000
e)	Date of the transaction	24 November 2025
f)	Place of the transaction	Oslo Stock Exchange, XOSL