Cadeler A/S — Director's Dealing 2025

Oct 17, 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	Mikkel Gleerup
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cadeler A/S
b)	LEI	9845008439EUED140282
4	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	American Depositary Receipts (ADRs) each representing four (4) Cadeler shares ISIN US12738K1097
	identification code	Shares ISIN DK0061412772
b)	Nature of the transaction	Purchase of ADRs
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		USD 19.345	1,000 ADRs (representing 4,000 shares)
d)	Aggregated information - Aggregated volume - Price	Average price per ADR: USD 19.345 Total number of ADRs: 1,000 (representing 4,000 shares) Total price: USD 19,345
e)	Date of the transaction	16 October 2025
f)	Place of the transaction	New York Stock Exchange, XNYS