Copenhagen, August 26, 2024 - Cadeler A/S ("Cadeler") today announces that it
has further increased the capacity available to it under its unsecured green
corporate term loan facility (the "Green Corporate Loan Facility"), with the
commitments thereunder increased by EUR 45 million, bringing the total capacity
available to Cadeler under the Green Corporate Loan Facility to EUR 125 million.
 
Standard Chartered is the lender on the upsizing of the facility. The two banks
are also participating in Cadeler's EUR 425m Facility, which is the
post-delivery financing of the P-Class vessels.

Prior to the upsizing of the Green Corporate Loan Facility, Cadeler had drawn
EUR 80 million thereunder, with remaining EUR 20 million headroom under the
accordion. With today's announcement, a further EUR 45 million in committed
funds has been confirmed, increasing the total capacity of the Green Corporate
Loan Facility and the total committed funds thereunder to EUR 125 million. HSBC
acted as Sole Mandated Lead Arranger, Green Loan Coordinator, and Facility
Agent.

With this upsizing, Cadeler has increased its financial flexibility and ability
to seize market opportunities as they rise. This increase in unsecured,
committed funds further strengthens Cadeler's financial position and growth
prospects and will enable it to fund a variety of wind turbine installation
activities. 

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 enable 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). For more information, please visit www.cadeler.com