Copenhagen, December 29, 2023: Reference is made to the stock exchange
announcement of December 15, 2023 published by Cadeler A/S (OSE: CADLR, NYSE:
CDLR) ("Cadeler") regarding the execution of an agreement and plan of merger
(the "Merger Agreement") between Eneti Inc. (NYSE: NETI) ("Eneti") and Wind MI
Limited ("Cadeler Merger Sub"), a wholly owned subsidiary of Cadeler, pursuant
to which Cadeler Merger Sub was to merge with and into Eneti, with Cadeler
Merger Sub surviving the merger (the "Merger"). The purpose of the Merger was
for Cadeler to acquire all of those shares of Eneti common stock that it did not
acquire in its earlier share exchange offer for all of the outstanding shares of
Eneti common stock.

On December 29, 2023, Cadeler Merger Sub and Eneti completed the Merger. The
completion of the Merger followed a special meeting of Eneti's stockholders held
on December 29, 2023, at which Eneti's stockholders voted in favor of the
proposal to authorize and approve the Merger Agreement, and the transactions
contemplated thereby, including the Merger.

Pursuant to the Merger Agreement, holders of Eneti common stock as of
immediately prior to the time of filing of the articles of merger for the Merger
with the Marshall Islands Registrar of Corporations, other than Cadeler and with
respect to any treasury shares held by Eneti, will receive approx. USD 11.37 in
cash per share of Eneti common stock, without interest and subject to reduction
for any applicable withholding taxes. The total aggregate amount of cash
consideration payable in the Merger to such holders of Eneti common stock is
expected to amount to approx. USD 59.8 million in the aggregate.

In connection with the completion of the Merger, Eneti's common shares will
cease to trade on the New York Stock Exchange and be delisted.

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.