Jamie Franklin

Åsne Holsen

Martin Karlsen

Benjamin Nolan

Petter Diskerud Billing

Roald Hartvigsen

- **Cadeler A/S** announced the **delivery of its first A-class vessel, Wind Ally**, on **September 25, 2025**, which was completed **on budget and ahead of schedule**.  **[1978867_0001104659-25-093067_tm2526954d1_6k.htm:1]** 
- The **Wind Ally** will be immediately deployed to **Ørsted’s Hornsea 3 offshore wind farm** and represents a **strategic expansion** for Cadeler, enabling the company to undertake the **entire transport and installation (T&I) scope for offshore monopile foundations**.  **[1978867_0001104659-25-093067_tm2526954d1_6k.htm:1]** 
- This vessel is the first of **three A-class newbuilds**, with the fleet expected to reach **12 vessels by mid-2027**, positioning Cadeler with the largest and most versatile fleet in the offshore wind industry.  **[1978867_0001104659-25-093067_tm2526954d1_6k.htm:1]**

Cadeler takes delivery of first A-class vessel and expands strategic role in offshore foundations

- Cadeler A/S reported share transactions by **BW Group Limited** and **BW Altor Pte. Ltd.**, both closely associated with Andreas Sohmen-Pao, Chairman of Cadeler's board of directors.  **[1978867_0001104659-25-089314_tm2525885d1_6k.htm:0]** 
- On **September 10, 2025**, **BW Altor Pte. Ltd.** **purchased 2,239,501 shares** at **NOK 52.00 per share** outside a trading venue.  **[1978867_0001104659-25-089314_tm2525885d1_6k.htm:1]** 
- On the same date, **BW Group Limited** **purchased 2,239,501 shares** at **NOK 52.00 per share** on the Oslo Stock Exchange.  **[1978867_0001104659-25-089314_tm2525885d1_6k.htm:2]** 
- Concurrently, **BW Group Limited** also **sold 2,239,501 shares** at **NOK 52.00 per share** outside a trading venue on **September 10, 2025**.  **[1978867_0001104659-25-089314_tm2525885d1_6k.htm:2]**

Cadeler A/S reports share transactions by closely associated persons of Chairman

- Cadeler's **H1 2025 financial performance exceeded expectations**, leading to the maintenance of its increased full-year guidance, which projects revenue between **EUR 588 million and EUR 628 million** and EBITDA between **EUR 381 million and EUR 421 million**.  **[1978867_tx_320619_1]** **[1978867_tx_320619_4]** 
- The company's backlog remains strong at **EUR 2.5 billion**, with **97%** of projects having a final investment decision, ensuring significant earnings visibility.  **[1978867_tx_320619_1]** **[1978867_tx_320619_2]** **[1978867_tx_320619_3]** 
- Newbuild vessels, **Wind Ally** and **Wind Mover**, are progressing ahead of schedule, with Wind Ally's delivery anticipated in **September** and Wind Mover's in **Q4 2025**.  **[1978867_tx_320619_2]** 
- The recently acquired **Windkeeper** vessel has secured a long-term contract with Vestas, set to commence in **Q1 2026**, reinforcing the company's strategic expansion into O&M services.  **[1978867_tx_320619_1]** 
- Cadeler anticipates a continued **undersupply of vessels** for efficient foundation installation from **2029** onwards, supporting a positive long-term market outlook for offshore wind and O&M services.  **[1978867_tx_320619_6]** **[1978867_tx_320619_9]**

Cadeler (CDLR)