Ørsted — M&A Activity 2014

Oct 30, 2014

DONG Energy has agreed to divest 5% of the UK Edradour field to Total E&P UK
Limited which when completed results in an aligned DONG Energy participation of
20% in the four UK West of Shetland fields, Laggan, Tormore, Edradour and
Glenlivet. Total is the sole co-owner (80%) and operator of the fields.

DONG Energy and Total have decided on a joint development of the Edradour and
Glenlivet fields, by way of tie-in to the Laggan and Tormore infrastructure,
with both fields expected to contribute to production in 2018.

Mike Smith, Managing Director for DONG Energy's oil and gas activities in the
UK said:
"This is a great step forward for our business in the West of Shetlands. The
agreement to move forward with the joint development of Edradour and Glenlivet
underpins our long term gas hub strategy and strengthens our production base in
the region."

The information provided in this announcement does not change DONG Energy’s
previous financial guidance for the 2014 financial year or the announced
expected investment level for 2014-2015.

For additional information, please contact:

Media Relations
Ulrik Frøhlke
+45 9955 9560

Investor Relations
Allan Bødskov Andersen
+45 9955 9769

Notes to editors

Glenlivet
The field is located 90km north-west of the Shetland Islands at a water depth
of 435 metres. A gas discovery was made in September 2009. The reservoir will
be developed with two wells using a single four-slot manifold on the seabed and
a 35km production pipeline tied back to the Laggan-Tormore pipelines.

Edradour
The field is located 75km north-west of the Shetlands at a water depth of 300
metres. A gas discovery was made in December 2010. A single well will be
produced using a single four-slot manifold on the seabed and a 16km production
pipeline will then tie it back to the main Laggan-Tormore pipelines.

DONG Energy is one of the leading energy groups in Northern Europe. Our
business is based on procuring, producing, distributing and trading in energy
and related products in Northern Europe. DONG Energy has around 6,500 employees
and is headquartered in Denmark. The Group generated DKK 73 billion (EUR 9.8
billion) in revenue in 2013. For further information, see www.dongenergy.com.