Integrated Wind Solutions ASA ("IWS") has today published its Q4 2022 Financial
Report and Presentation.

HIGHLIGHTS
oTotal revenue of NOK 53 million for Q4 2022 compared with NOK 59 million in the
previous quarter.
oEBITDA of NOK -4 million for Q4 2022 compared with NOK -4 million in the
previous quarter.
oExercised options and entered into newbuilding contracts with China Merchants
Industry Holdings Co. for construction of two additional CSOVs with a firm yard
price of EUR 52.5 million and scheduled delivery in Q2 2025. When delivered, IWS
will have a fleet of six identical Skywalker class vessels. The Group has also
secured options for two additional vessels.
oIWS Services revenue of NOK 52.5 million in Q4, compared with NOK 58.2 million
in in the previous quarter.
oThe Group's share of the net profit in PEAK Wind was NOK 1.4 million (NOK 1.5
million in Q3 2022), before NOK -0.9 million amortisation of acquisition-related
intangible assets.
oSigned the final charter contract for Dogger Bank C with start-up in 2025 and a
duration of 304 days with the Dogger Bank consortium. IWS has now secured
contract work for Dogger Bank A, B and C.
oThe Company has after the balance sheet date received a term sheet for a Green
Senior Secured Credit Facility from Skandinaviska Enskilda Banken AB ("SEB") and
SpareBank 1 SR-Bank ASA ("SR Bank") for the debt financing of IWS Seawalker and
IWS Starwalker.
oSuccessfully completed private placement of NOK 350 million in January 2023 by
issuing 10,606,060 shares at a subscription price of NOK 33 per share.
oContinued strong market for CSOVs with increased charter rates and newbuilding
prices, improving the first-mover advantage of early market entrants.

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.