Integrated Wind Solutions ASA ("IWS") and Sumitomo Corporation have entered into
a strategic partnership agreement through IWS's subsidiary IWS Fleet AS ("IWS
Fleet").

IWS Fleet will raise EUR 60 million in equity by issuing new shares to Sumitomo
Corporation based on a pre-money valuation of EUR 176 million. Upon completion
of the transaction, Sumitomo Corporation will own 25.38% of IWS Fleet AS, with
IWS continuing to own the remaining shares. The transaction is expected to be
closed in June. Sumitomo Corporation will be represented at the IWS Fleet Board
of Directors.

Sumitomo Corporation is a Japanese integrated trading company. It has been
ranked in the Fortune Global 500 for 29 years as one of the global companies
leading the world's development. Sumitomo Corporation's global business
activities are spread across many industries, including infrastructure and
shipping.

Lars-Henrik Røren, the CEO of IWS, commented: "It has been a year since we
embarked on this journey, and we are both humbled and proud to have teamed up
with Sumitomo Corporation. We thank General Manager Mr. Takanaru Toyota, Ship &
Marine Strategic Business Unit, and his dedicated team for a constructive
process. We are enthusiastic about continuing to build IWS Fleet into a leading
CSOV company together and exploring further expansion. IWS Fleet will be in a
financially strong position following this transaction."

Takanaru Toyota, General Manager, Ship & Marine Strategic Business Unit,
Sumitomo Corporation commented: "It is with much excitement that we enter into
the partnership with IWS and take part in IWS Fleet's ownership. IWS and
Sumitomo Corporation share many visions and ambitions in the offshore wind
industry where we see exponential growth and opportunities. We firmly believe
that this partnership will boost IWS Fleet's presence and enhance the value it
creates in the CSOV market by leveraging the expertise and network each of us
has. Our heartfelt thanks go to Mr. Lars-Henrik Røren and his team for their
open-minded attitude, professionalism and hard work leading to where we are
today."

Wiersholm acted as legal adviser to IWS.

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 Sumitomo Corporation:
Sumitomo Corporation (TYO: 8053) is an integrated trading company with a strong
global network comprising 129 offices in 66 countries and regions. The Sumitomo
Corporation Group consists of approximately 900 companies and 80,000 employees
on a consolidated basis. The Group's business activities are spread across the
following nine groups: Steel, Automotive, Transportation & Construction Systems,
Diverse Urban Development, Media & Digital, Lifestyle Business, Mineral
Resources, Chemicals Solutions and Energy Transformation Business. Sumitomo
Corporation is committed to creating greater value for society under the
corporate message of "Enriching lives and the world," based on Sumitomo's
business philosophy passed down for over 400 years. Sumitomo Corporation

About IWS: 
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 levelized cost of energy ("LCOE") for offshore wind. The Company owns
74.62% of IWS Fleet AS, which has two Commissioning Service Operation Vessel
("CSOV") delivered and four CSOVs under construction with delivery in 2024 and
2025. Furthermore, IWS owns the offshore wind supply-chain service company, IWS
Services A/S and has 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.