Cadeler A/S — Major Shareholding Notification 2022

Oct 13, 2022

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PRESS RELEASE

CADELER A/S: MAJOR SHAREHOLDER ANNOUNCEMENT

13 OCT 2022 14:21 CEST

COMPANY NAME	MARKET
CADELER A/S	Oslo Bars
ISIN	SYMBOL
DK0061412772	CADLR

Copenhagen, 13 October 2022: With reference to the stock exchange announcement published by Cadeler A/S ("Cadeler" or the "Company") in connection with the private placement (the "Private Placement") on 12 October 2022, Cadeler hereby announces that it has received the following major shareholder notification pursuant to Section 38 of the Danish Capital Markets Act and Section 55 of the Danish Companies Act, respectively, regarding direct and indirect holding of shares in Cadeler:

• BW Altor Pte. Ltd.
• BW Altor Pte. Ltd.'s ("BW Altor") shareholding in Cadeler has temporarily been reduced in connection with the Private Placement as a consequence of the share lending arrangement of 25,933,549 shares in Cadeler of a nominal par value of DKK 1 each from BW Altor to DNB Bank ASA (the "Settlement Agent") for the purpose of facilitating delivery versus payment to the other investors in the Private Placement (the "Share Lending"). As a result of the Share Lending, BW Altor currently holds 27,039,884 shares in Cadeler of a nominal par value of DKK 1 each (corresponding to 16.4% of the share capital prior to completion of the Private Placement).

Major Shareholder - Stock exchange announcement - Share lending

New shares of an identical amount as part of the Share

---

Lending, i.e. 25,933,549

shares in Cadeler of a nominal par value of DKK 1 each, will be redelivered to

BW Altor from the Settlement Agent following the capital increase in connection

with the Private Placement. Furthermore, BW Altor has

subscribed for 21.05% of

the shares in the Private Placement corresponding to 6,916,451

shares of a

nominal par value of DKK 1 each. Hence, following the

completion of a) the

change to the share capital in Cadeler resulting from the share

issuance of new

shares in Cadeler in connection with the Private Placement, b)

BW Altor's

receipt of the 6,916,451 newly subscribed shares, and c)

redelivery of the

shares from the Share Lending arrangement, BW Altor's

holding in Cadeler is

expected to be a total of 59,889,884 shares of a nominal par

value of DKK 1

each, corresponding to 30.31% of the total share capital and

voting rights in

Cadeler after the capital increase. The new shares that BW

Altor has subscribed

for in the Private Placement and will receive as redelivery under

the Share

Lending arrangement will be issued in a separate ISIN and

admitted to trading on

the Oslo Stock Exchange following publication of a listing

prospectus in due

course.

BW Altor is a limited liability company organised under the laws

of The Republic

of Singapore under the registration number 202035228G with

its registered

address at 10 Pasir Panjang Road #18-01, Mapletree Business

City, Singapore

1. BW Altor Pte. Ltd. is ultimately controlled by Mr.

Andreas Sohmen-Pao.

For further information, please contact:

Mikkel Gleerup, CEO

+45 3246 3102

mikkel.gleerup@cadeler.com

About Cadeler:

Cadeler A/S is a key supplier with the offshore wind industry for installation

services and operation and maintenance works that provides

marine and

engineering operations to the offshore wind industry with a

strong focus on

safety and the environment. Cadeler's reputation as provider of high-quality

offshore wind support services, combined with an innovative

vessel design,

positioning the company to deliver premium level services to

the industry. As a

---

company, Cadeler continues to pursue new levels of efficiency, pushing beyond the current boundaries of the supply chain. Cadeler enables and facilitates the global energy transition towards a future built on renewable energy. Cadeler is listed on the Oslo Stock Exchange (ticker CADLR).

More information:
Access the news on Oslo Børs NewsWeb site

SOURCE
Cadeler A/S

PROVIDER
Oslo Børs Newspoint

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