Integrated Wind Solutions ASA ("IWS") has, through its wholly owned subsidiary,
IWS Fleet AS, entered into a time charter contract at market terms with
Asso.subsea Single Member S.A. of Greece, an expert in cable installation,
protection, repair and support and turn-key solution provider. The contract will
commence in Q4 2024/Q1 2025 and have a duration of up to eight months. The
charter contract is related to supporting Charterers' activities at an offshore
wind farm in France. IWS will have four identical CSOVs delivered when the
contract commences and has the option under the contract to choose which vessel
will perform the services. 
 
Lars-Henrik Røren, CEO, commented: "We are thrilled to announce this strategic
charter contract with Asso.subsea. The versatility of our fleet highlights our
vessels' attractiveness for a range of offshore wind farm activities that
include inter-array cable works. The contract is entered into more than a year
in advance, highlighting the strong demand for Tier 1 CSOVs for both the
construction and commissioning market for offshore renewables. Furthermore, the
IWS Skywalker is on sea trials preparing for delivery and commencement of the
first of three contracts to the Dogger Bank Wind Farm in the fourth quarter." 

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.