Copenhagen, 4 May 2021: With reference to the stock exchange announcements
published by Cadeler A/S ("Cadeler" or the "Company") on 4 May 2021 in
connection with the completion and registration of the capital increase
following the private placement (the "Private Placement") carried out on 28
April 2021, Cadeler hereby announces that it has received the following major
shareholder notifications pursuant to Section 38 of the Danish Capital Markets
Act and Section 55 of the Danish Companies Act, respectively, regarding direct
and indirect holding of shares in Cadeler: 

Swire Pacific Offshore Operations (Pte) Ltd.

Swire Pacific Limited's indirect holding in Cadeler held through Swire Pacific
Offshore Operations (Pte) Ltd. has been reduced due to dilution resulting from
the issuance of new shares as part of the Private Placement.

Swire Pacific Limited's indirect holding in Cadeler continues to be 39,113,455
shares of a nominal par value of DKK 1 each, which corresponds to 28.23 % of the
total share capital and voting rights in Cadeler following the capital increase
carried out in connection with the Private Placement (reduced from an indirect
holding of 33.84 % of the total share capital and voting rights in Cadeler prior
to the capital increase in connection with the Private Placement).

Swire Pacific Offshore Operations (Pte) Ltd. is a limited liability company
organised under the laws of the Republic of Singapore under registration number
199804749H with its registered address at 300 Beach Road 15-01, Singapore
199555. Swire Pacific Offshore Operations (Pte) Ltd. is ultimately controlled by
Swire Pacific Limited.
Swire Pacific Limited is a limited liability company incorporated in Hong Kong.
Its company registration number is 1679. Its registered office is at 33rd Floor,
One Pacific Place, 88 Queensway, Hong Kong. Its shares are listed on The Stock
Exchange of Hong Kong Limited.

BW Wind Services Pte. Ltd.

BW Wind Services Pte. Ltd.'s ("BW Wind") shareholding in Cadeler was temporarily
reduced in connection with the Private Placement as a consequence of the share
lending arrangement of 16,605,000 shares in Cadeler of a nominal par value of
DKK 1 each from BW Wind to DNB Bank ASA (the "Settlement Agent") for the purpose
of facilitating delivery versus payment to the investors in the Private
Placement (the "Share Lending"). 

Shares of an identical amount as part of the Share Lending, i.e. 16,605,000
shares in Cadeler of a nominal par value of DKK 1 each, will be redelivered to
BW Wind from the Settlement Agent following the capital increase in connection
with the Private Placement. Furthermore, as mentioned in the results
announcement and major shareholder notification published by Cadeler on 28 and
29 April 2021, respectively, BW Wind subscribed for 6,395,000 shares in Cadeler
of a nominal par value of DKK 1 each as part of the Private Placement. 

Following the completion of a) the change to the share capital in Cadeler
resulting from the issuance of new shares in Cadeler in connection with the
Private Placement, b) BW Wind's receipt of the 6,395,000 newly subscribed
shares, and c) redelivery of the shares from the Share Lending arrangement, BW
Wind's holding in Cadeler will be a total of 44,556,998 shares of a nominal par
value of DKK 1 each, corresponding to 32.15 % of the total share capital and
voting rights in Cadeler.

BW Wind Services Pte. Ltd. is a limited liability company organised under the
laws of The Republic of Singapore under the registration number 202035228G with
its registered address at 10 Pasir Panjang Road #18-01, Mapletree Business City,
Singapore 117438. BW Wind Services Pte. Ltd. is ultimately controlled by Mr.
Andreas Sohmen-Pao.

For further information, please contact:
Mikkel Gleerup, CEO
+45 3246 3102
mikkel.gleerup@cadeler.com

Mark Konrad, CFO
+45 2849 6990
mark.konrad@cadeler.com
	
About the Company:

Cadeler provides marine and engineering operations to the offshore Wind industry
with a strong focus on safety and the environment. Our reputation as provider of
high quality offshore wind support services, combined with innovative vessel
design, positions us to provide prime level services to the industry. We
continue to pursue new levels of efficiency, pushing the boundaries of the
supply chain. We enable and facilitate the global energy transition to a future
built on offshore renewable energy.

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