Vestas Wind Systems — Major Shareholding Notification 2020

Nov 23, 2020

Company announcement from Vestas Wind Systems A/S

Aarhus, 23 November 2020 Company announcement No. 40/2020 Page 1 of 1

Major shareholder announcement – Société Générale S.A.'s holding as at 20 November 2020

Pursuant to Section 30 of the Danish Capital Markets Act, Vestas Wind Systems A/S hereby informs that the company has been notified on 23 November 2020 that Société Générale S.A, 29 Boulevard Haussmann, 75009 Paris, France, on 20 November 2020 had a holding of voting rights and share capital attached to the Vestas share corresponding to a position of 5.18 percent (previously 3.21 percent) of the total share capital in Vestas Wind Systems A/S.

The disclosure obligation regarding major shareholders and any crossing above or under the 5 percent threshold applies to both shares alone, financial instruments based on shares, and the total holding (A, B, and C below).

Voting rights/share capital attached to Vestas shares and financial instruments based on Vestas shares

	Number	Percent
A. Shares (ref. Section 38 of the Danish Capital Markets Act)	39,366	0.02
B. Financial instruments based on shares Of which 0.02 percent (42,972) financial instruments ref. Section 39(2)(1) of the Danish Capital Markets Act; and 5.14 percent (10,123,997) financial instruments with similar economic effect, ref. Section 39(2)(2) of the Danish Capital Markets Act	10,166,969	5.16
C. Total holding of shares and financial instruments based on shares	10,206,335	5.18

The shares and financial instruments are held through: Société Générale S.A. and Société Générale Effekten, GmbH.

Contact details Vestas Wind Systems A/S, Denmark

Patrik Setterberg, Vice President, Investor Relations Tel: +45 6122 1913

Mathias Dalsten, Specialist Investor Relations Tel: +45 2829 5383

Vestas Wind Systems A/S Hedeager 42, 8200 Aarhus N, Denmark Tel: +45 9730 0000, vestas@vestas.com, www.vestas.com Company Reg. No.: 10 40 37 82 Company Reg. Name: Vestas Wind Systems A/S