Copenhagen, 28 June 2024: Cadeler A/S (OSE: CADLR, NYSE: CDLR) ("Cadeler" or the
"Company") today announces that, as it continues to evaluate how best to
optimize its corporate structure following the business combination between
Cadeler and Eneti Inc., completed in December 2023, it is considering a
re-domiciliation of its parent company to the United Kingdom. A detailed
feasibility analysis, including review of legal, tax and other considerations,
is ongoing and no final decision with respect to such a re-domiciliation has
been made at this time. It is anticipated that, if Cadeler determines to proceed
with the implementation of such a re-domiciliation, it would maintain its
current stock exchange listings on the Oslo Stock Exchange and the NYSE. 

Cadeler has made the preliminary assessment that a re-domiciliation of its
parent company to the United Kingdom would improve the marketability of the
Cadeler Group and encourage a broader and more diversified international
investor base, as the United Kingdom's legal system, corporate governance
practices and tax regime, in combination, are familiar to the Cadeler Group's
international investor base after the business combination and offer substantial
benefits. In addition, it is Cadeler's expectation that such a re-domiciliation
would support its business strategy generally, including by facilitating the
greater physical presence of its executive management in the United Kingdom and
elsewhere in the markets in which the Cadeler Group operates. 

Cadeler will provide a further update once a final decision has been made. If
Cadeler determines to proceed with a re-domiciliation to the United Kingdom, it
currently estimates that-subject to obtaining shareholder and other necessary
approvals-such a re-domiciliation could be implemented during the first half of
2025.

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:

Cadeler is a key supplier of offshore wind installation, operations, and
maintenance services. Cadeler is a pure play company, solely operating in the
offshore wind industry with an uncompromising 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 exceptional services to the industry. Cadeler is committed to
enabling the global energy transition towards a future built on renewable
energy. Cadeler is listed on the Oslo Stock Exchange (ticker: CADLR) and the New
York Stock Exchange (ticker: CDLR). For more information, please visit
www.cadeler.com.


Forward-looking information
Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict, and are beyond the
Company's control. Actual events may differ significantly from any anticipated
development due to a number of factors including, without limitation, changes in
public sector investment levels, changes in the general economic, political and
market conditions in the markets in which the Company operates, the Company's
ability to attract, retain and motivate qualified personnel, changes in the
Company's ability to engage in commercially acceptable acquisitions and
strategic investments, changes in laws and regulation and the potential impact
of legal proceedings and actions. Such risks, uncertainties, contingencies and
other important factors could cause actual events to differ materially from the
expectations expressed or implied in this release by such forward-looking
statements. The Company does not make any guarantee that the assumptions
underlying the forward-looking statements in this announcement are free from
errors nor does it accept any responsibility for the future accuracy of the
opinions expressed in this announcement or any obligation to update or revise
the statements in this announcement to reflect subsequent events. You should not
place undue reliance on the forward-looking statements in this announcement. The
information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. Except to the extent required by applicable law or regulation, the
Company undertakes no obligation to review, update, confirm, or to release
publicly any revisions to any forward-looking statements to reflect events that
occur or circumstances that arise in relation to the content of this
announcement.