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").


The Scorpio Group's direct and indirect shareholding in Cadeler has changed as a
consequence of Scorpio Holdings Limited's subscription for 6,929,642 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 and (b) Scorpio Holdings
Limited's receipt of 6,929,642 newly subscribed shares, Scorpio Holdings Limited
and Scorpio Services Holding Limited are expected to hold a total of 49,356,825
shares in Cadeler of a nominal value of DKK 1 each, corresponding to 12.78% of
the total share capital and voting rights in Cadeler after the share capital
increase, of which 41,385,792 shares (10.72%) are held by Scorpio Holdings
Limited and 7,971,033 shares (2.06%) are held indirectly through Scorpio
Services Holding 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 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: 

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.