Aeron, a company in the AF Gruppen, has been awarded an EPCi contract for the
supply of complete ventilation and cooling systems for a 2GW offshore wind
project, which is part of a large development project under the auspices of the
Dutch, state-owned company TenneT. Upon completion, the project will produce
electricity to households in Germany and the Netherlands. The agreement with
Aeron has a value that exceeds MNOK 500 excl VAT. 

Aeron will deliver detailed engineering, design, engineering, procurement, and
assembly of ventilation and cooling systems for the 2GW projects, BalWin4 &
LanWin1, which will provide green wind power from the North Sea to approx. 5
million households. The contract has been awarded by a recognized international
EPC supplier on behalf of TenneT for the project development.

The issuer of the contract is a reputed global supplier of engineering and
construction solutions to the energy industry.

"We are honored to have been trusted with this contract, marking a significant
advancement in our activities within the offshore wind sector. This contract
marks a significant step forward in our commitment to renewable energy, and we
look forward to collaborating with our customer and partners to ensure
successful project implementation", says Amund Tøftum, CEO of AF Gruppen ASA. 

Project planning will start immediately, and the equipment delivery will take
place in 2025 and 2026. Following Aeron's deliveries, the systems will be
mounted on the platforms at the shipyard before installation, and completion
offshore in 2029-2030. Aeron will provide service and maintenance services until
2034.


For further details, please contact: 
EVP Offshore, AF Gruppen: Lars Myhre Hjelmeset, tel. +47 970 39 084
CEO, AF Gruppen, Amund Tøftum, tel.: +47 920 26 712