Copenhagen, 23 March 2026 - Nexra, Cadeler's dedicated service platform, today
confirms the signing of an additional firm contract for an Operations &
Maintenance (O&M) campaign to be executed and completed during 2026.  

The campaign will service two offshore wind farms in Taiwan and will be executed
using Cadeler's wind installation vessel Wind Maker, which was delivered to the
company last year. The contract, with an undisclosed client, is expected to run
for approximately 3-4 months. Today's announcement follows another recent Nexra
contract award for a separate  O&M campaign to be conducted by Wind Maker. 

Nexra is Cadeler's dedicated Operations & Maintenance (O&M) service platform,
established in 2025 to support the growing global offshore wind aftermarket. As
more turbines start spinning worldwide, particularly in the larger 10-15 MW
segment, demand for complex maintenance and major component exchange continues
to grow. Nexra brings together technical expertise, capable vessels, and
lifecycle support capabilities to meet these evolving service requirements while
strengthening long-term client partnerships. The O&M market accounted for
roughly one fifth of Cadeler's revenue in 2025. 

Jacob Gregersen, Cadeler's Chief Growth Officer, comments: "Securing campaigns
like this reflects our ability to mobilise quickly where and when our clients
need us. With a versatile fleet operating around the world, we can respond on
short notice and execute safely and efficiently across different jurisdictions.
This flexibility allows us to support the operational phase of offshore wind
farms while maintaining high utilisation across our fleet." 

Mikkel Gleerup, Cadeler's CEO, adds: "As offshore wind markets mature, the need
for reliable, high-capacity service support increases. With our modern fleet and
established presence in Asia-Pacific, we are well positioned to support clients
not only during installation, but throughout the operational life of their
assets."

***

For further information, please contact:  

Cadeler Press Office:
press@cadeler.com
+45 2830 6905

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

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

About Nexra:  
Nexra is Cadeler's dedicated Operations & Maintenance (O&M) service platform,
established in 2025 to support the growing global offshore wind aftermarket.
Nexra provides focused lifecycle support to offshore wind farm owners and
turbine manufacturers, delivering maintenance, upgrade and optimisation services
throughout the operational lifetime of offshore wind assets. Nexra combines
technical expertise with a flexible vessel portfolio, currently including Wind
Zaratan, Wind Scylla and Wind Keeper, with the ability to deploy additional
Cadeler vessels when required. This flexibility complements Cadeler's core
installation activities, supporting efficient fleet-wide utilisation and
delivering responsive support to the group's clients across key offshore wind
markets. 

About Cadeler: 
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 enabling 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.