Copenhagen, 1 July 2024: Cadeler A/S (OSE: CADLR, NYSE: CDLR) ("Cadeler") today
announces that it has increased its share capital, issuing 27,715 new shares in
Cadeler with a nominal value of DKK 1.00 each (the "New Shares"), as a result of
the exercise of options under its employee equity incentive program. The New
Shares represent an increase of less than 0.01% in Cadeler's registered share
capital.

Pursuant to the terms of the employee equity incentive program, each of the New
Shares has been subscribed for at a subscription price of NOK 36.02,
corresponding to DKK 23.66, per New Share. The share capital increase has been
carried out without any pre-emption rights for existing shareholders or others
and has now been registered with the Danish Business Authority. Accordingly, the
total nominal value of the share capital of Cadeler is DKK 350,957,583 divided
into 350,957,583 shares with a nominal value of DKK 1.00 each and each carrying
one voting right. 

The New Shares are expected to be issued through Euronext Securities Oslo
("VPS"), under the permanent ISIN code for the Company's existing shares,
DK0061412772, and admitted to trading and listing on the Oslo Stock Exchange as
soon as possible hereafter. 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. 

An updated version of the Articles of Association can be found at
www.cadeler.com/investor.

For further information, please contact: 

Mikkel Gleerup, CEO 
+45 3246 3102 
mikkel.gleerup@cadeler.com 

Alexander Simmonds EVP & CLO, Cadeler 
+44 7376 174172 
alexander.simmonds@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.