Copenhagen, 15 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").


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 31,786,527 shares in Cadeler from BW Altor 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 (the "Share Lending"). As a result of
the Share Lending, BW Altor currently holds 29,151,728 shares in Cadeler of a
nominal value of DKK 1 each, corresponding to 9.36% (previously 19.57%) of the
total share capital and voting rights.

Shares of an identical amount as part of the Share Lending, i.e. 31,786,527
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. Furthermore, BW Altor has subscribed for
7,733,473 new shares in Cadeler in 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 7,733,473 newly subscribed
shares, and (c) redelivery of the shares from the Share Lending, BW Altor's is
expected to hold 68,671,728 shares in Cadeler of a nominal value of DKK 1 each,
corresponding to 19.57% 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 
+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.