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.subseaSingle Member S.A. ofGreece , 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 inFrance . 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 theDogger Bank Wind Farm in the fourth quarter." For further information, please contact: Lars-Henrik Røren CEOIntegrated Wind Solutions Phone: +47 98 22 85 06 E-mail: lhr@integratedwind.com Marius Magelie CFOIntegrated 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 firmPEAK Wind Group . This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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