IWS exercises the option to increase ownership in PEAK Wind

09 Sep 2024 08:30 CEST

Integrated Wind Solutions ASA (“IWS”) is pleased to announce that it has
exercised the fixed-price option to increase its ownership in PEAK Wind Group
ApS (“PEAK Wind”) from 30% to 49%. The option was agreed upon as part of the
IWS’s initial investment in PEAK Wind in September 2021.

The purchase price for the additional 19% shares is DKK 66.5 million, with
adjustments for net cash. The transaction will be settled using cash held by
IWS. We expect the transaction to be completed in September 2024.

For further information, please contact:
Lars-Henrik Røren
CEO Integrated Wind Solutions
Phone: +47 98 22 85 06
E-mail: lhr@integratedwind.com

Marius Magelie
Group CFO Integrated Wind Solutions
Phone: +47 920 27 419
E-mail: mm@integratedwind.com

About IWS:
Integrated Wind Solutions ASA offers a fleet of state-of-the-art service vessels
to the offshore wind industry combined with a suite of adhering services to
reduce the levelised cost of energy (“LCOE”) for offshore wind. The Company owns
74.62% of IWS Fleet AS, which has three Commissioning Service Operation Vessels
(“CSOVs”) delivered and three CSOVs under construction with delivery in 2024 and
2025. Furthermore, IWS owns the offshore wind supply-chain service company, IWS
Services A/S and the investment in the independent advisor, consultancy, data
intelligence and wind farm operator firm PEAK Wind Group.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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