Cadeler A/S has secured vessel reservation agreements with both MFW Baltyk II
Sp. z.o.o. and MFW Baltyk III Sp. z.o.o., each a joint venture project owned 50%
by Equinor and 50% by Polenergia, marking the first contract between the
parties. The aggregate potential value of the contracts to be negotiated during
the pendency of the vessel reservation agreements is anticipated to fall within
the range of EUR 110-130 million. Operations are scheduled to commence in 2027.

The Baltyk 2 and Baltyk 3 projects are wind farms situated in the Baltic Sea,
approximately 27 and 40 km from the port of Leba, respectively. The projects
entail the installation of 100 offshore wind turbine generators (WTGs) in the
Polish Baltic Sea. Cadeler will utilize both an O-Class and a P-Class vessel,
demonstrating the company's fleet depth, flexibility and ability to adapt to
client needs.

WTG installation is set to begin in 2027. Once operational, these wind farms are
projected to generate a combined capacity of 1440 MW, providing electricity to
over two million households. 

Mikkel Gleerup, CEO of Cadeler, says: "We're pleased to announce yet another
contractual milestone in Poland. The Polish market offers great business
potential for Cadeler and we're proud to help our partners accelerate the
transition towards sustainable energy for more than two million households. This
also marks our first contract with Equinor and Polenergia, setting the stage for
new successful future partnerships". 

The aggregate potential value of the contracts to be negotiated during the
pendency of the vessel reservation agreements is anticipated to fall within the
range of EUR 110-130 million.

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 

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