Copenhagen, December 19, 2023: Reference is made to the stock exchange
announcement of December 18, 2023 published by Cadeler A/S (OSE: CADLR, NYSE:
CDLR) ("Cadeler") regarding the final result of the share exchange offer for all
of the outstanding shares of common stock of Eneti Inc. (NYSE: NETI) ("Eneti")
(the "Share Exchange Offer").

As announced in connection with the final result of the Share Exchange Offer,
the board of directors of Cadeler has resolved to issue 113,809,868 new Cadeler
shares in total, corresponding to the delivery of 28,452,467 Cadeler American
Depositary Shares (the "Cadeler ADSs") in consideration for the shares of Eneti
common stock validly tendered and not validly withdrawn in the Share Exchange
Offer, subject to payment of cash compensation in lieu of any fractional Cadeler
ADSs, without interest and subject to reduction for any applicable withholding
taxes.

The share capital increase pertaining to the new Cadeler shares issued in
connection with the Share Exchange Offer has now been registered with the Danish
Business Authority. Accordingly, the total nominal value of the share capital of
Cadeler is DKK 311,409,868 divided into 311,409,868 shares with a nominal value
of DKK 1 each and each carrying one voting right, corresponding to a total of
311,409,868 voting rights. 

Cadeler expects settlement of the Share Exchange Offer to be completed on or
around December 19, 2023.

Reference is made to the disclosure requirements on changes to the share capital
and voting rights set out in section 32 of the Danish Capital Markets Act. 

The new shares are issued in Cadeler's existing ISIN DK0061412772 and are to be
tradable on the Oslo Stock Exchange in accordance with an EU/EEA listing
prospectus approved by the Danish Financial Supervisory Authority and passported
to Norway by issuance of a certificate of approval to the Norwegian Financial
Supervisory Authority. The Cadeler ADSs commenced trading on the New York Stock
Exchange on a "when-issued" basis on December 15, 2023, and the Cadeler ADSs are
expected to commence trading on a regular-way settlement basis on or around
December 20, 2023.

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.

Additional Information and Where to Find It

Important Notice

This communication and the Prospectus/Offer to Exchange dated November 7, 2023
referred to above do not constitute a prospectus as defined by Regulation (EU)
No. 2017/1129 of 14 June 2017 (the "EU/EEA Prospectus Regulation") and no public
takeover offer is made pursuant to the Directive 2004/25/EC of 21 April 2004 on
takeover bids in connection with the exchange offer referred to above. This
communication does not contain all the information that should be considered
concerning the Share Exchange Offer and is not intended to form the basis of any
investment decision or any other decision in respect of the proposed
transaction.