Fred. Olsen Windcarrier – Long term O&M Contract Awarded

12 Mar 2026 13:07 CET

Fred. Olsen Windcarrier AS (“FOWIC”), a subsidiary of Bonheur ASA, has entered
into a long term agreement with Siemens Gamesa Renewable Energy (“Siemens
Gamesa”) for the provision of offshore wind operations and maintenance (“O&M”)
services utilizing either Bold Tern or Brave Tern for Siemens Gamesa turbines up
to, and including, 15 MW.

Operations under the agreement are expected to commence during 1Q2028 with a
firm duration of 10 years and with additional optional periods. The agreement
otherwise reflects negotiated market terms and conditions.

This agreement further extends a long-lasting relationship between the two
companies and strengthens FOWIC’s position within O&M, especially for the
high-end segment.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to the Norwegian Securities Trading Act section 5-12. This stock exchange
announcement was published by Øyvind Engesrønning, VP Finance in Fred. Olsen &
Co. AS, on 12 March 2026 at 13:06 CET.

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