Ørsted — Earnings Release 2017

Jan 10, 2018

Based on our preliminary and unaudited reporting, we expect an operating profit
(EBITDA) of approx DKK 22.5 billion for 2017, which is an improvement on our
most recent outlook of around DKK 21 billion.

The increase is primarily attributable to strong earnings from our offshore
wind farms in operation in the last part of the year, including from stronger
winds and faster ramp-up of generation from the new offshore wind farms Race
Bank and Walney Extension.

In addition, earnings from partnership agreements are better than expected due
to good progress and lower costs on the construction contracts for Race Bank
and Walney Extension.

Finally, earnings from our gas portfolio activities in Distribution & Customer
Solutions are better than expected due to, among other things, a positive
impact from the value of our gas in storage during the last part of the year.

The information provided in this announcement does not change Ørsted's expected
investment level for 2017.

Ørsted will publish its annual report for 2017 on 1 February 2018.

Further information

Media Relations
Martin Barlebo
+45 99 55 95 52

Investor Relations
Henrik Brünniche Lund
+45 99 55 97 22

The Ørsted vision is a world that runs entirely on green energy. Ørsted
develops, constructs and operates offshore wind farms, bioenergy plants and
innovative waste-to-energy solutions and provides smart energy products to its
customers. Headquartered in Denmark, Ørsted employs 5,600 people. Ørsted's
shares are listed on Nasdaq Copenhagen (Orsted). In 2016, the company's revenue
was DKK 61 billion (EUR 8.2 billion). For more information on Ørsted, visit
orsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter.