CADELER A/S: Notification of major shareholding

27 Mar 2026 12:17 CET

Copenhagen, 26 March 2026: Cadeler A/S (OSE: CADLR, NYSE: CDLR) (“Cadeler”)
hereby announces that it has received the following major shareholder
notification pursuant to Section 38 of the Danish Capital Markets Act and
Section 55 of the Danish Companies Act, respectively, regarding direct and
indirect holdings of shares in Cadeler. Reference is made to the stock exchange
announcement published by Cadeler on 26 March 2026 regarding the results of a
private placement of 35,095,758 new shares in Cadeler (the “Private Placement”).


BW Altor Pte. Ltd.’s (“BW Altor”) shareholding in Cadeler has changed
temporarily in connection with the Private Placement as a result of the share
lending arrangement of 22,968,883 shares in Cadeler from BW Altor to DNB
Carnegie, a part of DNB Bank ASA, (the “Settlement Agent”) for the purpose of
facilitating delivery-versus-payment (DVP) of the shares allocated to investors
in the Private Placement, other than BW Altor, with existing shares in Cadeler
already listed on the Oslo Stock Exchange (the “Share Lending”). As a result of
the Share Lending, and following the subscription of 12,126,875 new shares in
Cadeler in the Private Placement, BW Altor currently holds 85,324,026 shares in
Cadeler of a nominal value of DKK 1 each, corresponding to 22.10% (latest major
shareholder notification was made at 27.36%) of the total share capital and
voting rights.

Shares of an identical amount as part of the Share Lending, i.e. 22,968,883
shares in Cadeler, are expected to be redelivered to BW Altor from the
Settlement Agent following registration of the share capital increase in
connection with the Private Placement. Following completion of (a) registration
of the share capital increase in Cadeler in connection with the Private
Placement, (b) BW Altor’s receipt of 12,126,875 newly subscribed shares, and (c)
redelivery of the shares from the Share Lending, BW Altor is expected to hold
108,292,909 shares in Cadeler of a nominal value of DKK 1 each, corresponding to
28.05% of the total share capital and voting rights in Cadeler after the share
capital increase.

BW Altor Pte. Ltd. is a limited liability company organised under the laws of
The Republic of Singapore under the registration number 202035228G with its
registered address at 10 Pasir Panjang Road #18-01, Mapletree Business City,
Singapore 117438. BW Altor Pte. Ltd. is ultimately controlled by Andreas
Sohmen-Pao.

For further information, please contact:

Mikkel Gleerup
CEO, Cadeler
+45 3246 3102
mikkel.gleerup@cadeler.com

Alexander Simmonds
EVP & CLO, Cadeler
+44 7376 174172
alexander.simmonds@cadeler.com

About Cadeler A/S

Cadeler is a global leader in offshore wind installation, operations, and
maintenance services. Cadeler is a pure play company, operating solely in the
offshore wind industry with an uncompromising focus on safety and the
environment. Cadeler owns and operates the industry’s largest fleet of jack-up
offshore wind installation vessels and has for more than 10 years been a key
supplier in the development of offshore wind energy to power millions of
households. Cadeler’s fleet, expertise and capacity to handle the largest and
most complex next-generation offshore wind installation projects positions the
company to deliver exceptional services to the industry. Cadeler is committed to
being at the forefront of sustainable wind farm installation and to enabling the
global energy transition towards a future built on renewable energy. Cadeler is
listed on the New York Stock Exchange (ticker: CDLR) and the Oslo Stock Exchange
(ticker: CADLR).

To learn more, please visit www.cadeler.com.

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