Cadeler A/S

Director's Dealing • May 26, 2025

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	BW Altor Pte. Ltd.
2	Reason for the notification
a)	Position/status	Closely associated person to Andreas Sohmen-Pao, chairman of the Board of Directors
b)	Initial notification /Amendment	Initial notification
3	auction monitor	Details of the issuer, emission allowance market participant, auction platform, auctioneer or
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) 647 NOK 48.30 647 NOK 48.57 611 NOK 48.62
		647 NOK 48.67 570 NOK 48.69
d)	Aggregated information - Aggregated volume - Price	Average price per share: NOK 48.57 Total number of shares: 3,122 shares Total price: NOK 151,624.50
e)	Date of the transaction	22 May 2025
f)	Place of the transaction	AQUIS EXCHANGE EUROPE AUCTION ON DEMAND (AOD), AQEA
4.2		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	Shares ISIN DK0061412772

	identification code
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 48.04	76
		NOK 48.20	821
		NOK 48.46	244
		NOK 48.48	635
		NOK 48.50	539
		NOK 48.52	781
		NOK 48.54	1,313
		NOK 48.58	304
		NOK 48.60	90
		NOK 48.62	890
		NOK 48.64	425
		NOK 48.66	614
		NOK 48.68	201
		NOK 48.70	78
		NOK 48.72	610
d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 48.53 Total number of shares: 7,621 shares Total price: NOK 369,866.76
e)	Date of the transaction	22 May 2025
f)	Place of the transaction	AQUIS EXCHANGE EUROPE, AQEU
4.3		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)
		NOK 48.06	3,134
		NOK 48.07	6,494
		NOK 48.10	5,378
		NOK 48.11	4,284

7,309 NOK 48.12 2,158 NOK 48.14 3,295 NOK 48.15 2,210 NOK 48.17 2,520 NOK 48.20 6,786 NOK 48.21 23,140 NOK 48.22 2,742 NOK 48.23 327 NOK 48.24 491 NOK 48.25 11,412 NOK 48.29 2,460 NOK 48.30 44 NOK 48.31 47 NOK 48.33
2,902 NOK 48.36
1,414 NOK 48.37
3,698 NOK 48.38
545 NOK 48.46
17,355 NOK 48.52
2,010 NOK 48.54
2,879 NOK 48.55
693 NOK 48.56
15,400 NOK 48.57
610 NOK 48.58
912 NOK 48.59
2,078 NOK 48.60
676 NOK 48.62
1,834 NOK 48.64
2,006 NOK 48.65
5,401 NOK 48.66
8,724 NOK 48.67
2,858 NOK 48.68
1,303 NOK 48.69
4,554 NOK 48.70
989 NOK 48.72
2,404 NOK 48.78

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 48.38 Total number of shares: 165,476 shares Total price: NOK 8,005,623.27
e)	Date of the transaction	22 May 2025
f)	Place of the transaction	CBOE EUROPE - DXE PERIODIC (NL), BEUP
4.4	transaction; (iii) each date; and (iv) each place where transactions have been conducted			Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
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) NOK 48.04 NOK 48.10 NOK 48.12 NOK 48.16 NOK 48.20 NOK 48.40 NOK 48.44 NOK 48.46 NOK 48.48 NOK 48.54 NOK 48.60 NOK 48.62 NOK 48.64 NOK 48.66 NOK 48.68 NOK 48.70	Volume(s) 888 4,905 1,859 255 8,190 99 244 409 454 1,913 2,331 1,856 2,281 3,517 2,111 1,999
		NOK 48.72 NOK 48.74	885 596
d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 48.41 Total number of shares: 34,792 shares Total price: NOK 1,684,273.34
e)	Date of the transaction	22 May 2025
f)	Place of the transaction	CBOE EUROPE - DXE ORDER BOOKS (NL), CEUX

4.5		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) 2,501 NOK 48.20 20,399 NOK 48.54
d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 48.50 Total number of shares: 22,900 shares Total price: NOK 1,110,715.66
e)	Date of the transaction	22 May 2025
f)	Place of the transaction	GOLDMAN SACHS BANK EUROPE SE - SYSTEMATIC INTERNALISER, GSEI
4.6		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) NOK 48.10 NOK 48.20 NOK 48.22 NOK 48.24 NOK 48.26 NOK 48.30 NOK 48.34 NOK 48.36 NOK 48.42 NOK 48.44 NOK 48.46	Volume(s) 2,530 2,525 7,572 2,523 2,522 635 7,552 2,557 517 303 722

		NOK 48.57	4,872
		NOK 48.60	2,629
		NOK 48.66	1,150
		NOK 48.70	5,979
		NOK 48.72	749
		NOK 48.76	3,501
d)	Aggregated information	Average price per share: NOK 48.43 Total number of shares: 51,344 shares
	- Aggregated volume
	Price	Total price: NOK 2,486,460.50
e)	Date of the transaction	22 May 2025
f)	Place of the transaction	MORGAN STANLEY EUROPE S.E. - SYSTEMATIC INTERNALISER, MESI
4.7		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	Shares
	financial instrument,
	type of instrument and	ISIN DK0061412772
	identification code
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 48.20	94
		NOK 48.21	244
		NOK 48.23	174
		NOK 48.24	153
		NOK 48.25	2,288
		NOK 48.30	1,364
		NOK 48.48	318
d)	Aggregated information	Average price per share: NOK 48.28
	- Aggregated volume	Total number of shares: 4,635 shares
	Price	Total price: NOK 223,762.30
e)	Date of the transaction	22 May 2025
f)	Place of the transaction	MORGAN STANLEY EUROPE S.E., MSEU
4.8		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	Shares financial instrument, ISIN DK0061412772
	type of instrument and identification code
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 48.32	50,000
		NOK 48.37	447
		NOK 48.42	2,515
		NOK 48.64	1,362
		NOK 48.66	954
d)	Aggregated information		Average price per share: NOK 48.34
	- Aggregated volume	Total number of shares: 55,278 shares
	Price	Total price: NOK 2,672,067.01
e)	Date of the transaction	22 May 2025
f)	Place of the transaction		TURQUOISE EUROPE - LIT AUCTIONS, TQEA
4.9				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	Shares
	financial instrument,
	type of instrument and	ISIN DK0061412772
	identification code
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 48.04	168
			513
		NOK 48.10 NOK 48.20	2,036
		NOK 48.48	397
		NOK 48.54	723
			417
		NOK 48.60
		NOK 48.62	548
		NOK 48.64	137
		NOK 48.68 NOK 48.70	420 87

d)	Aggregated information	Average price per share: NOK 48.38
	- Aggregated volume	Total number of shares: 5,446 shares
	Price	Total price: NOK 263,478.34
e)	Date of the transaction	22 May 2025
f)	Place of the transaction	TURQUOISE EUROPE, TQEX
4.10		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	Shares
	financial instrument, type of instrument and identification code	ISIN DK0061412772
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 48.04	995
		NOK 48.10	8,708
		NOK 48.12	1,170
		NOK 48.16	191
		NOK 48.20	9,656
		NOK 48.50	620
		NOK 48.52	204
		NOK 48.54	100,210
		NOK 48.60	268
		NOK 48.62	751
		NOK 48.64	1,884
		NOK 48.66	1,559
		NOK 48.68	4,231
		NOK 48.70	774
d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 48.49 Total number of shares: 131,221 shares Total price: NOK 6,362,430.24
e)	Date of the transaction	22 May 2025
f)	Place of the transaction	Oslo Stock Exchange, XOSL
4.11
		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,	Shares

	type of instrument and identification code	ISIN DK0061412772
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) NOK 48.26 NOK 48.29	Volume(s) 1,885 11,016
d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 48.29 Total number of shares: 12,901 shares Total price: NOK 622,932.74
e)	Date of the transaction	22 May 2025
f)	Place of the transaction	POSIT AUCTION, XPAC
4.12		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) NOK 48.34 NOK 48.36	Volume(s) 5,000 264
d) e)	Aggregated information - Aggregated volume Price Date of the transaction	Average price per share: NOK 48.34 Total number of shares: 5,264 shares Total price: NOK 254,467.04
f)	Place of the transaction	22 May 2025 XTX MARKETS SAS, XTXE
4.13		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)
		NOK 48.55	202
		NOK 48.56	102
		NOK 48.92	647
		NOK 49.06	647
		NOK 49.09	522
		NOK 49.17	1,579
		NOK 49.27	787
		NOK 49.32	966
		NOK 49.61	424
		NOK 49.62	2,464
		NOK 49.72	1,653
		NOK 49.74	280
		NOK 49.77	384
d)	Aggregated information - Aggregated volume - Price	Average price per share: NOK 49.39 Total number of shares: 10,657 shares Total price: NOK 526,360.66
e)	Date of the transaction	23 May 2025
f)	Place of the transaction	AQUIS EXCHANGE EUROPE AUCTION ON DEMAND (AOD), AQEA
4.14	transaction; (iii) each date; and (iv) each place where transactions have been conducted			Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
a)	Description of the	Shares
	financial instrument, type of instrument and identification code	ISIN DK0061412772
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
			78
		NOK 48.20	478
		NOK 48.56 NOK 48.86	85
		NOK 48.90	716
		NOK 48.98	135
		NOK 49.00	552
		NOK 49.20	240
		NOK 49.22	460
		NOK 49.24	309
		NOK 49.30	52

		NOK 49.34	62
		NOK 49.38	625
		NOK 49.40	522
		NOK 49.42	76
		NOK 49.46	73
		NOK 49.48	446
		NOK 49.50	1,010
		NOK 49.54	309
		NOK 49.76	480
		NOK 49.80	437
		NOK 49.86	529
		NOK 49.90	1,368
		NOK 49.96	145
		NOK 49.98	387
		NOK 50.00	280
d)	Aggregated information	Average price per share: NOK 49.46
	- Aggregated volume		Total number of shares: 9,885 shares
	Price	Total price: NOK 488,872.78
e)	Date of the transaction	23 May 2025
f)	Place of the transaction		AQUIS EXCHANGE EUROPE, AQEU
4.15				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	Shares
	financial instrument, type of instrument and
		ISIN DK0061412772
	identification code
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 47.86	145
		NOK 48.27	398
		NOK 48.28	418
		NOK 48.31	319

NOK 48.35	315
NOK 48.60	5,739
NOK 48.63	492
NOK 48.65	341
NOK 48.67	2,769
NOK 48.68	146
NOK 48.84	41,692
NOK 48.85	312
NOK 48.86	69
NOK 48.87	885
NOK 48.88	158
NOK 48.89	635
NOK 48.90	615
NOK 48.92	2,768
NOK 48.94	202
NOK 48.95	2,098
NOK 48.96	2,284
NOK 48.97	1,931
NOK 48.98	56
NOK 48.99	6,584
NOK 49.00	4,523
NOK 49.05	396
NOK 49.06	813
NOK 49.07	47
NOK 49.08	11
NOK 49.10	494
NOK 49.11	26
NOK 49.12	1,245
NOK 49.14	47
NOK 49.15	78
NOK 49.16	375
NOK 49.17	39
NOK 49.18	34
NOK 49.19	400
NOK 49.20	39
NOK 49.21	475
NOK 49.23	39
NOK 49.24	78
NOK 49.25	345
NOK 49.26	83
NOK 49.27	471

		NOK 49.29	357
		NOK 49.32	430
		NOK 49.36	966
		NOK 49.38	506
		NOK 49.40	14,674
		NOK 49.42	258
		NOK 49.45	9,034
		NOK 49.46	774
		NOK 49.47	335
		NOK 49.50	25,000
		NOK 49.54	506
		NOK 49.59	988
		NOK 49.61	808
		NOK 49.62	966
		NOK 49.66	55,475
		NOK 49.69	791
		NOK 49.70	179
		NOK 49.71	218
		NOK 49.75	11,712
		NOK 49.78	440
		NOK 49.79	28
		NOK 49.80	26,346
		NOK 49.83	925
		NOK 49.84	295
		NOK 49.86	497
		NOK 49.88	27,633
		NOK 50.00	48
d)	Aggregated information - Aggregated volume	Average price per share: NOK 49.41 Total number of shares: 261,618 shares
	Price	Total price: NOK 12,927,066.67
e)	Date of the transaction	23 May 2025
f)	Place of the transaction	CBOE EUROPE - DXE PERIODIC (NL), BEUP
4.16		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	Shares
	financial instrument, type of instrument and	ISIN DK0061412772
	identification code

b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 47.96	348
		NOK 48.20	23,166
		NOK 48.40	162
		NOK 48.48	395
		NOK 48.56	963
		NOK 48.58	156
		NOK 48.80	548
		NOK 48.90	1,358
		NOK 48.96	666
		NOK 48.98	1,420
		NOK 49.00	3,225
		NOK 49.20	880
		NOK 49.22	265
		NOK 49.24	1,286
		NOK 49.30	533
		NOK 49.32	289
		NOK 49.34	908
		NOK 49.36	159
		NOK 49.38	680
		NOK 49.48	420
		NOK 49.50	1,333
		NOK 49.56	512
		NOK 49.68	175
		NOK 49.70	406
		NOK 49.72	13
		NOK 49.76	1,217
		NOK 49.80	1,173
		NOK 49.86	266
		NOK 49.90	650
		NOK 49.94	145
		NOK 49.96	265
		NOK 49.98	1,067
		NOK 50.00	2,231
d)	Aggregated information	Average price per share: NOK 48.77
	- Aggregated volume	Total number of shares: 47,280 shares Total price: NOK 2,306,064.50
	Price
e)	Date of the transaction	23 May 2025

f)	Place of the transaction	CBOE EUROPE - DXE ORDER BOOKS (NL), CEUX
4.17		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) NOK 49.62	Volume(s) 30
d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 49.62 Total number of shares: 30 shares Total price: NOK 1,488.60
e)	Date of the transaction	23 May 2025
f)	Place of the transaction	CITADEL CONNECT EUROPE – EU, EUCC
4.18	transaction; (iii) each date; and (iv) each place where transactions have been conducted			Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
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) NOK 48.28 NOK 48.35 NOK 48.92 NOK 48.99 NOK 49.05 NOK 49.07 NOK 49.08 NOK 49.14 NOK 49.15 NOK 49.16 NOK 49.17 NOK 49.30	Volume(s) 243 109 1,906 409 20,687 1,544 41 105 3,331 2,515 830 509
		NOK 49.43	140

	financial instrument, type of instrument and
a)	Description of the	Shares ISIN DK0061412772
4.20	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
f)	Place of the transaction	JANE STREET NETHERLANDS B.V., JNSI
e)	Date of the transaction	23 May 2025
d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 49.48 Total number of shares: 5,054 shares Total price: NOK 250,071.92
c)	Price(s) and volume(s)	Price(s) NOK 49.48	Volume(s) 5,054
b)	Nature of the transaction	Purchase of shares
a)	Description of the financial instrument, type of instrument and identification code	Shares ISIN DK0061412772
4.19		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
f)	Place of the transaction	GOLDMAN SACHS BANK EUROPE SE - SYSTEMATIC INTERNALISER, GSEI
e)	Date of the transaction	23 May 2025
d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 49.38 Total number of shares: 59,118 shares Total price: NOK 2,918,966.05
		NOK 49.83 NOK 49.90	2,288
		NOK 49.79	287 1,059
		NOK 49.75	21,250
		NOK 49.61	344
		NOK 49.60	1,150
		NOK 49.45 NOK 49.47	332 39

c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 48.50	901
		NOK 48.58	312
		NOK 48.80	534
		NOK 48.96	477
		NOK 48.98	3,339
		NOK 49.00	271
		NOK 49.06	2,496
		NOK 49.07	2,500
		NOK 49.16	668
		NOK 49.33	503
		NOK 49.41	503
		NOK 49.50	2,597
		NOK 49.54	2,472
		NOK 49.56	734
		NOK 49.60	2,469
		NOK 49.64	753
		NOK 49.67	452
		NOK 49.68	2
		NOK 49.70	485
		NOK 49.72	181
		NOK 49.74	184
		NOK 49.76	190
		NOK 49.78	198
		NOK 49.80	2,459
		NOK 49.82	2,459
		NOK 49.84	2,475
		NOK 49.86	181
		NOK 49.90	2,915
d)	Aggregated information
	- Aggregated volume	Average price per share: NOK 49.45 Total number of shares: 33,710 shares Total price: NOK 1,666,878.16
	Price
e)	Date of the transaction	23 May 2025
f)	Place of the transaction	MORGAN STANLEY EUROPE S.E. - SYSTEMATIC INTERNALISER, MESI
4.21
		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	Shares
	financial instrument, type of instrument and	ISIN DK0061412772

	identification code
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) NOK 48.80 NOK 49.44	Volume(s) 1,785 978
d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 49.03 Total number of shares: 2,763 shares Total price: NOK 135,461.75
e)	Date of the transaction	23 May 2025
f)	Place of the transaction	MORGAN STANLEY EUROPE S.E., MSEU
4.22		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) NOK 49.05 NOK 49.15	Volume(s) 79,208 86,260
d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 49.10 Total number of shares: 165,468 shares Total price: NOK 8,124,831.40
e)	Date of the transaction	23 May 2025
f)	Place of the transaction	SIGMA X EUROPE NON-DISPLAYED BOOK, SGMU
4.23		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)
		NOK 49.15	421
		NOK 49.37	906
		NOK 49.45	549
		NOK 49.77	358
		NOK 49.92	412
d)	Aggregated information	Average price per share: NOK 49.49 Total number of shares: 2,646 shares
	- Aggregated volume
	Price	Total price: NOK 130,954.12
e)	Date of the transaction	23 May 2025
f)	Place of the transaction	SIGMA X EUROPE AUCTION BOOK, SGMV
4.24		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)	Shares Description of the
	financial instrument,
	type of instrument and	ISIN DK0061412772
	identification code
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 49.09	85
		NOK 49.45	443
		NOK 49.62	2,464
		NOK 49.74	1,029
d)	Aggregated information	Average price per share: NOK 49.62
	- Aggregated volume Total number of shares: 4,021 shares
	Price	Total price: NOK 199,525.14
e)	Date of the transaction	23 May 2025
f)	Place of the transaction	TURQUOISE EUROPE - LIT AUCTIONS, TQEA
4.25		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)	Shares Description of the
	financial instrument,	ISIN DK0061412772
	type of instrument and
	identification code
b)	Nature of the transaction	Purchase of shares

c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 48.20	2,465
		NOK 48.40	100
		NOK 48.56	485
		NOK 48.86	77
		NOK 48.88	78
		NOK 48.90	537
		NOK 48.98	970
		NOK 49.00	561
		NOK 49.20	341
		NOK 49.22	482
		NOK 49.24	457
		NOK 49.28	136
		NOK 49.30	93
		NOK 49.32	62
		NOK 49.34	141
		NOK 49.38	516
		NOK 49.42	84
		NOK 49.50	595
		NOK 49.68	10
		NOK 49.70	133
		NOK 49.76	152
		NOK 49.80	385
		NOK 49.86	495
		NOK 49.96	73
		NOK 50.00	381
d)	Aggregated information	Average price per share: NOK 49.00
	- Aggregated volume	Total number of shares: 9,809 shares
	Price	Total price: NOK 480,649.10
e)	Date of the transaction	23 May 2025
f)	Place of the transaction	TURQUOISE EUROPE, TQEX
4.26				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	Shares
	financial instrument,
	type of instrument and	ISIN DK0061412772
	identification code

b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 48.20	30,643
		NOK 48.48	1,722
		NOK 48.70	75
		NOK 48.84	400
		NOK 48.86	1,460
		NOK 48.88	400
		NOK 48.90	690
		NOK 48.98	2,269
		NOK 49.00	2,663
		NOK 49.20	2,539
		NOK 49.28	635
		NOK 49.42	400
		NOK 49.46	400
		NOK 49.50	6,638
		NOK 49.68	175
		NOK 49.74	617
		NOK 49.76	534
		NOK 49.78	204
		NOK 49.90	185
		NOK 49.98	1,500
		NOK 50.00	66,986
d)	Aggregated information	Average price per share: NOK 49.40
	- Aggregated volume	Total number of shares: 121,135 shares
	Price	Total price: NOK 5,983,871.52
e)	Date of the transaction	23 May 2025
f)	Place of the transaction	Oslo Stock Exchange, XOSL
4.27				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)	Shares Description of the
	financial instrument, type of instrument and identification code	ISIN DK0061412772
b)	Nature of the transaction	Purchase of shares

c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 49.75	17,141
		NOK 49.80	3,654
		NOK 49.81	25,000
d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 49.79 Total number of shares: 45,795 shares Total price: NOK 2,279,983.95
e)	Date of the transaction	23 May 2025
f)	Place of the transaction	POSIT AUCTION, XPAC
4.28		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)
		NOK 48.90	43,726
		NOK 48.92	23,642
		NOK 48.96	10,334
		NOK 49.66	16,357
		NOK 49.74	20,000
		NOK 49.90	2,600
d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 49.18 Total number of shares: 116,659 shares Total price: NOK 5,737,549.30
e)	Date of the transaction	23 May 2025
f)	Place of the transaction	XTX MARKETS SAS, XTXE