Integrated Wind Solutions ASA ("IWS") has today published its Q2 2023 Financial
Report and Presentation.

HIGHLIGHTS
oTotal revenue of NOK 60.3m for Q2 2023, an increase of 7% from Q2 2022.
oIWS Services revenue of NOK 61.3m in Q2 2023, an increase of 13% from Q2 2022,
with increased order backlog.
oPEAK Wind continues to grow according to expectations and revenue for Q2
increased by 19% compared with Q2 2022 (+31% year to date). The Group's share of
the net profit in PEAK Wind in Q2 2023 was NOK -0.2m, before NOK -1.0m
amortisation of acquisition-related intangible assets (NOK 2.7m profit before
NOK -0.9m amortisation of intangibles in Q1). The share of net profit for the
quarter includes accounting adjustments.
oTotal EBITDA of NOK -11.6m for Q2 2023 compared with NOK -11.4m in Q1 2023 and
NOK -3.5m in Q2 2022, reflecting the higher activity level of an organisation
with six vessels on order that is ramping up for the delivery of the CSOVs and
start-up of vessel operations. Furthermore, the Company has moved into new
offices in the quarter and taken all commercial and technical management
activities in-house.
oThe Group signed the EUR 118.65 million Green Senior Secured Credit Facility
with Skandinaviska Enskilda Banken AB ("SEB"), SpareBank 1 SR-Bank ASA
("SR-Bank") and Export Finance Norway ("Eksfin") for the debt financing of IWS
Skywalker, IWS Windwalker, IWS Seawalker and IWS Starwalker as an amendment to
the pre-existing EUR 56.25 million facility.
oIWS has signed a strategic partnership agreement with Pan Ocean to market our
fleet for commissioning and maintenance work in the growing South Korean
offshore wind market.
oContinued strong market for CSOVs with increased charter rates and persistently
high newbuilding prices, which is advantageous for owners with vessel
availability.

Lars-Henrik Røren, CEO, commented: "We are moving forward to deliver on the
commitments made during the company's IPO more than two years back. We are
excited to take delivery of our first vessel, IWS Skywalker, during Q4, which
marks the first of many important deliveries over the coming years. The offshore
wind industry is still in its early days, and we look forward to continue the
IWS journey and contributing to a more sustainable future - bring it on!"

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 levelised cost of energy ("LCOE") for offshore wind. The Company has
six Commissioning Service Operation Vessels ("CSOVs") under construction with
delivery in 2023, 2024 and 2025 in addition to options for two additional
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.