Integrated Wind Solutions has published results for the first half and second
quarter of the year.

Key events in the first half of 2021:

o Private placement with gross proceeds of NOK 704 million and listing on
Euronext Growth Oslo successfully completed

o First charter contract secured in April 2021 on the Dogger Bank Wind Farm for
one of the two vessels under construction. The charter contract will commence in
the second quarter of 2023.

o Expected delivery dates for the first two vessels in accordance with original
time schedule, which is in the first and second quarter of 2023. First
instalment (10%) on the contract price paid on signing of contract in Q1 2021.
Currency exposure fully hedged on second instalment (10%) payable at
commencement of steel cutting in Q1 2022.

o Negotiations on acquisition of two Danish companies, ProCon A/S and Green
Ducklings A/S, in the offshore wind service/consulting industry conducted in the
first half of 2021. They were both announced in July 2021. The ProCon A/S deal
is pending final closing. 

Oslo, 19 August 2021

For further information, please contact:

Lars-Henrik Røren 
CEO Integrated Wind Solutions 
Phone: +47 98 22 85 06 
E-mail: lhr@integratedwind.com

About Integrated Wind Solutions AS:

Integrated Wind Solutions AS (ticker code: IWS) offers a fleet of
state-of-the-art service vessels to the offshore wind industry combined with a
suite of adhering services, to reduce levelized cost of energy (LCOE) for
offshore wind. The Company has two UT5519DE Design Wind Farm Support Vessels
under construction with delivery in 2023, and options for up to four further
sister vessels. Integrated Wind Solutions is headquartered in Oslo, Norway. For
more information, see company website: integratedwind.com.