KONGSBERG is pleased to announce a contract for equipment packages valued at
MEUR 20 for two commissioning service operation vessels for the Norway-based
offshore wind service company Integrated Wind Solutions ASA (IWS) for delivery
in H1 2024.

IWS already has two identical vessels on order for delivery in 2023, and option
agreements for up to two additional vessels, making this a potential six-vessel
series. 

This fleet has been designed specifically for the renewable offshore wind
market, with a clear focus on reduced emissions and enhanced sustainability. The
vessels will be built by the shipyard China Merchant Heavy Industries (CMHI),
with which KM has a long and close relationship.
 
"IWS's determination to promote environmentally-friendly, safe and efficient
offshore operations is entirely consistent with KONGSBERG's mission to
incorporate sustainability in everything we do," concludes Egil Haugsdal,
President, Kongsberg Maritime. "This fleet of important and highly innovative
vessels will set a new benchmark for CSOVs, further reinforcing Kongsberg
Maritime's market position in the growing renewable energy segment."

KONGSBERG (OSE-ticker: KOG) is an international, leading global technology
corporation delivering mission-critical systems and solutions with extreme
performance for customers that operate under extremely challenging conditions.
We work with nations, businesses and research environments to push the
boundaries of technology development in industries such as space, offshore and
energy, merchant marine, defence and aerospace, and more. KONGSBERG has about
11,000 employees located in more than 40 countries, creating a total revenue of
NOK 27.4bn in 2021.

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