Integrated Wind Solutions ASA ("IWS") today announces that it has signed an
agreement for a 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") as an amendment to the pre-existing EUR
56.25 million facility.

The proceeds from the facility will be used for long-term post-delivery
financing of the first four Commissioning Service Operation Vessel ("CSOV")
newbuildings under construction with delivery in 2023 and 2024.

The facility has an average 12 year amortisation profile and drawdown will be
made when each respective vessel is delivered from the yard. Final maturity of
the EUR 36.1 million commercial tranche with SEB and SR-Bank is in Q1 2028.
Final maturity of the EUR 82.55 million Eksfin tranche, for which SEB and
SR-Bank have provided bank guarantees of EUR 28 million, is in 2035 subject to
the refinancing of the commercial tranche and bank guarantees. The Eksfin
tranche qualifies for an attractive 12 year fixed interest rate option with CIRR
("Commercial Interest Reference Rates") levels fixed on the dates of signing of
the Norwegian export contracts.

CEO Lars-Henrik Røren comments:

"We are thrilled to have secured attractive green financing for our four first
CSOV vessels. The increased facility highlights the continued support and
confidence of our lenders. We are now looking forward to the delivery of our
first vessel, IWS Skywalker, scheduled to start commercial operations in Q4
2023."

The amended facility of up to EUR 118.65 million is entered into by wholly owned
subsidiaries of IWS Fleet AS. The facility corresponds to a leverage ratio of up
to 65% of the contracted yard price for the vessels.

For further information, please contact:

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.