Integrated Wind Solutions AS (IWS) has published results for the third quarter
of the year. Highlights from the third quarter of 2021 are: 
 
o Successful completion of the acquisition of the two Danish offshore wind
service/consulting companies ProCon Group A/S and Green Ducklings A/S both a
part of the 100% owned Danish subsidiary IWS Service Solutions A/S.  

o On Dogger Bank A, where IWS in April 2021 secured a charter contract for the
first CSOV, ProCon has in Q3 2021 been awarded a contract for electrical
outfitting of the transition pieces. 
 
o Acquisition of 30% in PEAK Wind Group ApS in September 2021. PEAK Wind is a
leading independent provider of operations and asset management advisory and
services for the offshore and onshore wind industry globally. IWS has an option
to increase its ownership to 49% within three years. The PEAK Wind ownership is
directly owned by the parent company Integrated Wind Solutions AS. 

o Good progress on the engineering work on the two first Construction Service
Operation Vessels (CSOVs) on order at CMIH. Expected delivery of the vessels
from the yard is still the first and second quarter of 2023, respectively. 

Oslo, 11 November 2021 

For further information, please contact: 
Lars-Henrik Røren 
CEO Integrated Wind Solutions 
Phone: +47 98 22 85 06 
E-mail: lhr@integratedwind.com 

About Integrated Wind Solutions AS: Integrated Wind Solutions AS (ticker code:
IWS) offers a fleet of state-of-the-art service vessels to the offshore wind
industry combined with a suite of adhering services, to reduce levelized cost of
energy (LCOE) for offshore wind. The Company has two UT5519DE Design Wind Farm
Support Vessels under construction with delivery in 2023, and options for up to
four further sister vessels. Integrated Wind Solutions is headquartered in Oslo,
Norway. For more information, see company website: integratedwind.com.