Ørsted — Capital/Financing Update 2017

Aug 7, 2017

DONG Energy has entered into an agreement to sell 50% of Borkum Riffgrund 2, a
450 megawatt (MW) German offshore wind farm project, to Global Infrastructure
Partners (GIP). Borkum Riffgrund 2 is currently under construction and is
expected to be fully commissioned in 2019.

The total sales price (consisting of the purchase price for GIP for its
acquisition of 50% of the project and its commitment to fund 50% of the
payments under a full-scope EPC - engineering, procurement and construction -
agreement with DONG Energy) amounts to approx. EUR 1,170 million. The price is
payable over a period from 2017 until 2019.

GIP is also the 50% partner in another of DONG Energy’s offshore wind farms in
Germany, Gode Wind 1.

The transaction is subject to approval by the competition authorities and is
expected to be completed before the end of 2017.

“We’re pleased to be able to build on the partnership we established with GIP
in relation to Gode Wind 1 in 2015. That partnership has been a success for all
parties, and we’re committed to ensuring a similar success in relation to
Borkum Riffgrund 2,” said Samuel Leupold, Executive Vice President and CEO of
Wind Power at DONG Energy.

DONG Energy will construct the wind farm under a full-scope EPC agreement. DONG
Energy will also provide long-term operations and maintenance services from its
O&M base in Norddeich and provide a route to market for the power production
from GIP’s 50% share of Borkum Riffgrund 2.

Having entered into the agreement with GIP to divest 50% of Borkum Riffgrund 2,
DONG Energy increases its EBITDA guidance for 2017. Now, the company expects
EBITDA of DKK 17-19bn. Expected gross investments remain unchanged at DKK
18-20bn.

Facts about Borkum Riffgrund 2

• The wind farm will be located approximately 59km from Norddeich harbour and
34km north of the island of Borkum.
• The wind farm will consist of 56 MHI Vestas V164-8.0MW wind turbines.
• The wind farm will have a capacity of 450MW and will produce enough
electricity to power more than 460,000 German households every year.
• The wind farm is expected to be fully commissioned in 2019.
• The wind farm will be operated from DONG Energy's base in Norddeich
• Final investment decision regarding the wind farm was taken by DONG Energy in
June 2016.

For additional information, please contact:

Media Relations
Tom Lehn Christiansen
+45 99 55 95 52

Investor Relations
Henrik Brünniche Lund
+45 99 55 97 22

DONG Energy (NASDAQ OMX: DENERG) is one of Northern Europe’s leading energy
groups and is headquartered in Denmark. Around 5,800 ambitious employees
develop, construct and operate offshore wind farms, generate power and heat
from our power stations as well as supply and trade in energy to wholesale,
business and residential customers. The Group generated a revenue in 2016 of
DKK 61 billion (EUR 8.2 billion). Read more on www.dongenergy.com.