Ørsted — Share Issue/Capital Change 2016

Jun 13, 2016

NOT FOR RELEASE OR DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

This announcement does not constitute an offering circular and nothing herein
contains an offering of securities. No one should purchase or subscribe for any
securities in DONG Energy A/S ("DONG Energy" or the "Company") except on the
basis of information in the offering circular published by DONG Energy in
connection with the offering and admission of such securities to trading and
official listing on Nasdaq Copenhagen A/S (“Nasdaq Copenhagen”).

Today, DONG Energy announces the completion of its initial public offering and
admission of its shares to trading and official listing on Nasdaq Copenhagen
(the "Offering").

The Offering was priced on 9 June 2016, see announcement 19/2016.

DONG Energy has today received confirmation that none of the termination or
withdrawal rights of the Kingdom of Denmark, New Energy Investment S.à.r.l. or
the underwriters provided for in the underwriting agreement of 26 May 2016
pertaining to the Offering and described in the offering circular published on
26 May 2016 have been invoked. Accordingly, the Offering has today proceeded to
completion and the offer shares (other than the shares comprised by the
overallotment option granted to the underwriters) have been allocated to
investors as described in announcement 19/2016. As a consequence, the
admittance to trading and official listing of DONG Energy's shares on Nasdaq
Copenhagen today becomes un-conditional.

Bank syndicate and advisors

J. P. Morgan Securities plc., Morgan Stanley & Co International plc., and
Nordea Markets (division of Nordea Bank Danmark A/S) are acting as Joint Global
Coordinators and Joint Bookrunners. Citigroup Global Markets Limited, Danske
Bank A/S and UBS Limited are acting as Joint Bookrunners. ABG Sundal Collier
Denmark, branch of ABG Sundal Collier ASA, Norge, Coöperatieve Rabobank U.A and
RBC Europe Limited (trading as RBC Capital Markets) are acting as Co-lead
Managers. Lazard & Co., Limited is acting as financial advisor to DONG Energy
and Rothschild is acting as financial advisor to the Kingdom of Denmark as the
majority shareholder.

For additional information, please contact:

Media Relations
Martin Barlebo
+45 99 55 95 52

Media Relations (UK only):
Victoria Palmer-Moore, Ian Middleton, Peter Ogden
Powerscourt
+44 20 7250 1446

Investor Relations
Henrik Brünniche Lund
+45 99 55 97 22

Important notice

This announcement is not an offer to sell or a solicitation of any offer to buy
any securities issued by DONG Energy A/S (the “Company”) in any jurisdiction
where such offer or sale would be unlawful and the announcement and the
information contained herein are not for distribution or release, directly or
indirectly, in or into such jurisdictions.

In any member state of the European Economic Area (“EEA Member State”), other
than Denmark, that has implemented Directive 2003/71/EC as amended (together
with any applicable implementing measures in any EEA Member State, the
“Prospectus Directive”), this announcement is only addressed to and is only
directed at investors in that EEA Member State who fulfil the criteria for
exemption from the obligation to publish an offering circular, including
qualified investors within the meaning of the Prospectus Directive.

Any securities referred to herein have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and
may not be offered or sold in the United States absent registration or an
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act. There is no intention to register any
securities referred to herein in the United States or to make a public offering
of the securities in the United States. Any securities sold in the United
States will be sold only to qualified institutional buyers (as defined in Rule
144A under the Securities Act) pursuant to Rule 144A.

In the United Kingdom, this announcement and any other materials in relation to
the securities described herein are only being distributed to, and are only
directed at, and any investment or investment activity to which this
announcement relates is available only to, and will be engaged in only with,
“qualified investors” (as defined in section 86(7) of the Financial Services
and Markets Act 2000) and who are (i) persons having professional experience in
matters relating to investments who fall within the definition of “investment
professionals” in Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as “relevant persons”). Persons who are not relevant persons
should not take any action on the basis of this announcement and should not act
or rely on it.

In connection with the Offering the Managers and any of their affiliates,
acting as investors for their own accounts, may purchase shares and in that
capacity may retain, purchase, sell, offer to sell or otherwise deal for their
own accounts in such shares and other securities of the Company or related
investments in connection with the IPO or otherwise. Accordingly, references in
the offering circular to the shares being, offered, acquired, placed or
otherwise dealt in should be read as including any offer to, or acquisition,
placing or dealing by, such Managers and any of their affiliates acting as
investors for their own accounts. The Managers do not intend to disclose the
extent of any such investment or transactions otherwise than in accordance with
any legal or regulatory obligations to do so.

In connection with the Offering, Morgan Stanley & Co International plc. (the
"Stabilising Manager") (or agents acting on behalf of the Stabilising Manager)
may over-allot securities or effect transactions with a view to supporting the
market price of the securities at a level higher than that which might
otherwise prevail. However, there is no assurance that the Stabilising Manager
(or agents acting on behalf of the Stabilising Manager) will undertake
stabilisation actions. Any stabilisation action may begin on or after the date
of commencement of trading and official listing of the securities on Nasdaq
Copenhagen and, if begun, may be ended at any time, but must end no later than
30 days after the date of commencement of trading and official listing of the
securities.

DONG Energy is one of the leading Energy groups in Northern Europe,
headquartered in Denmark. Around 6,700 ambitious employees 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.