Copenhagen, December 22, 2023: 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.

Scorpio Holdings Limited's shareholding in Cadeler has changed as a consequence
of the share exchange of shares of common stock of Eneti Inc. (NYSE: NETI) into
American depositary shares, each representing four (4) underlying shares of
Cadeler, in connection with the share exchange offer.

Following completion and settlement of the share exchange offer, Scorpio
Holdings Limited's total shareholding in Cadeler amounts to 37,649,180 shares
with a nominal value of DKK 1 per share, all held in the form of American
depositary shares, corresponding to 12.09% of the total share capital and voting
rights of Cadeler. Hereof, 9.07% of the total share capital and voting rights of
Cadeler are held directly by Scorpio Holdings Limited, and the remaining are
held indirectly through Scorpio Services Holding Limited, a subsidiary of
Scorpio Holdings Limited.

Scorpio Holdings Limited is a limited liability company organised under the laws
of the Republic of the Marshall Islands under the registration number 99226 with
its registered address at Trust Company Complex, Ajeltake Road, Ajeltake Island,
Majuro, Republic of the Marshall Islands, MH 96960. Scorpio Holdings Limited is
ultimately controlled by Annalisa Lolli-Ghetti.

Scorpio Services Holding Limited is a limited liability company organised under
the laws of the Republic of the Marshall Islands under the registration number
52777 with its registered address at Trust Company Complex, Ajeltake Road,
Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960.

For further information, please contact:

Point of contact for investors:
Mikkel Gleerup, CEO
+45 3246 3102
mikkel.gleerup@cadeler.com 

Point of contact for media:
Karen Roiy, Head of Marketing & Communication
+45 6020 8706
karen.roiy@cadeler.com

About Cadeler A/S: 
Cadeler A/S is a key supplier within the offshore wind industry for installation
services and marine and engineering operations with a strong focus on safety and
the environment. Cadeler's experience as provider of high-quality offshore wind
support services, combined with innovative vessel designs, positions the company
to deliver premium services to the industry. Cadeler facilitates the global
energy transition towards a future built on renewable energy. Cadeler is listed
on the Oslo Stock Exchange (OSE: CADLR) and the New York Stock Exchange (NYSE:
CDLR).
Visit www.cadeler.com for more information.