Integrated Wind Solutions ASA ("IWS") has today published its Q2 2022 Financial
Report and Presentation.

HIGHLIGHTS
oTotal revenue of NOK 56 million for Q2 2022 compared with NOK 51 million in the
previous quarter.
oEBITDA of NOK -3 million for Q2 2022 compared with NOK -7 million in the
previous quarter.
oEntered a strategic partnership with Bourbon to address the French
commissioning and maintenance market of offshore wind farms.
oThe Dogger Bank consortium intends to charter one CSOV for Dogger Bank C for
commissioning and construction work with commencement in mid-2025. IWS has
already secured contract work for Dogger Bank A and B. The intended new charter
contract is under documentation with expected signing in H2 2022.
oSigned the EUR 56.25 million senior secured credit facility for the financing
of the two first CSOVs.
oGood progress on the first two CSOVs under construction at China Merchants
Industry Holdings Co., Ltd ("CMI") with an expected delivery of the first vessel
during Q2 2023.
oReceived NOK 68 million in proceeds from tranche 2 of the NOK 350 million
private placement that was completed in March.
oThe 30% owned PEAK Wind continues the strong growth with an increase in Q2 2022
net revenues of 19% quarter over quarter ("QoQ") and 79% year over year ("YoY").
The number of employees has increased by 30% since year-end 2021.
oIWS Services continues to develop with an increase in Q2 2022 revenues of 10%
versus Q1 2022 explained by ProCon.
oStrong market for CSOVs with increased charter rates and newbuilding prices.

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

Marius Magelie
CFO Integrated Wind Solutions 
Phone: +47 920 27 419
E-mail: mm@integratedwind.com 

About: 
Integrated Wind Solutions ASA offers a fleet of state-of-the-art service vessels
to the offshore wind industry combined with a suite of adhering services to
reduce the levelized cost of energy ("LCOE") for offshore wind. The Company has
four Commissioning Service Operation Vessels ("CSOVs") under construction with
delivery in 2023 and 2024, and options for up to two additional sister vessels.
Furthermore, IWS owns the offshore wind supply-chain service company, IWS
Services A/S and has a 30% ownership in the independent advisor, consultancy,
data intelligence and wind farm operator firm PEAK-Wind Group.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.