Ørsted — Capital/Financing Update 2016

Jun 24, 2016

DONG Energy has decided to build the German offshore wind farm Borkum Riffgrund
2, which is expected to be fully commissioned in the first half of 2019. With
this decision, DONG Energy will reach 6.7GW of installed offshore wind
capacity, exceeding the 2020 target of 6.5GW installed capacity.

Borkum Riffgrund 2 will have a total export capacity of 450MW, and will feature
the largest wind turbines in German waters: 56 units of MHI Vestas’ 8MW wind
turbines with rotor spans of 164 meters. The offshore wind farm will supply
CO2-free power corresponding to the annual electricity consumption of
approximately 460,000 German households.

Samuel Leupold, Executive Vice President and Head of Wind Power in DONG Energy,
says:

“Offshore wind is a significant contribution to the German energy transition,
and Borkum Riffgrund 2 confirms DONG Energy’s position as one of the major
investors in the renewable energy infrastructure in Germany. The 8MW turbine
takes offshore wind efficiency a further step forward, and the size of the
Borkum Riffgrund 2 project is yet another indication of market maturity. We’ll
continue our relentless efforts to drive down the cost of electricity from
offshore wind.”

Trine Borum Bojsen, Country Manager of DONG Energy Wind Power Germany, says:

“With Borkum Riffgrund 2, we’ll start the construction of our fourth offshore
wind farm in Germany. After completion of Borkum Riffgrund 2, DONG Energy will
have installed approximately 1.35GW of offshore wind in German waters and
supply power to 1.4 million households.”

DONG Energy is the sole owner of Borkum Riffgrund 2. In accordance with our
partnership model, we intend to divest up to 50% of the project at a later
stage.

Borkum Riffgrund 2 will be located 54km off the coast of Lower Saxony, next to
one of DONG Energy’s other wind farms, Borkum Riffgrund 1. For the first
approximately ten years of production from Borkum Riffgrund 2, DONG Energy will
receive a fixed price per kWh of electricity produced.

DONG Energy was granted a consent for building Borkum Riffgrund 2 back in
December 2011. This consent needs to be amended to accommodate the deployment
of the larger 8MW turbines. We are awaiting the final approval of these
amendments by the consenting authority, ‘Bundesamt für Seeschiffahrt und
Hydrographie’ (BSH). At present, BSH has issued an administrative assurance
(Zusicherung) under paragraph 38 of the German Administrative Procedure Act
(Verwaltungsverfahrensgesetz) that gives DONG Energy a legally enforceable
right to a new planning consent in respect of Borkum Riffgrund 2 subject to no
significant changes in the applicable legal framework or relevant factual
circumstances before the final consent is issued.

The information provided in this announcement does not change DONG Energy's
previous financial guidance for the financial year of 2016.

For further information, please contact:

Media Relations
Tom Lehn-Christiansen
+45 99 55 60 17

Investor Relations
Kristian Borbos
+45 99 55 93 10

DONG Energy (NASDAQ OMX: DENERG) is one of the leading energy groups in
Northern Europe, headquartered in Denmark. Around 6,700 ambitious em¬ployees
are engaged in developing, constructing and operating offshore wind farms;
generating power and heat from our power stations; providing energy to
residential and business customers and producing oil and gas. Group revenue was
DKK 71bn (EUR 9.5bn) in 2015. For further information, see www.dongenergy.com