Copenhagen, 19 February 2024: 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 15 February 2024 regarding the results of a
private placement of 39,520,000 new shares in Cadeler (the "Private Placement")
and to the stock exchange announcement published by Cadeler on 19 February 2024
regarding increase of the share capital of Cadeler. 

BW Altor Pte. Ltd.'s ("BW Altor") shareholding in Cadeler has changed in
connection with the completion of the Private Placement as a result of the
redelivery of 31,786,527 shares in  Cadeler in connection with the share lending
arrangement, pursuant to which BW Altor lent 31,786,527 shares in Cadeler to DNB
Markets, 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.

As a result of the redelivery of shares, BW Altor currently holds 68,671,728
shares in Cadeler of a nominal value of DKK 1 each, corresponding to 19.57%
(previously 9.36%) of the total share capital and voting rights.

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 
+45 3246 3102 
mikkel.gleerup@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).

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