Copenhagen, 28 March 2022: Cadeler A/S ("Cadeler" or the "Company") hereby
announces that it has received the following major shareholder notification from
Swire Pacific Limited and Swire Pacific Offshore Operations (Pte) Ltd. 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: 

As part of an intra-group transaction, Swire Pacific Offshore Operations (Pte)
Ltd. has transferred all of its shares in Cadeler to Swire Pacific Limited.

Swire Pacific Offshore Operations (Pte) Ltd. is ultimately controlled by Swire
Pacific Limited.

Consequently, Swire Pacific Limited's holding in Cadeler changes from previously
an indirect holding to now a direct holding of 21.55% of the total share capital
and voting rights in Cadeler. Following the intra-group transaction, Swire
Pacific Limited directly holds 29,863,455 shares in Cadeler of a nominal par
value of DKK 1 each.

Following the intra-group transaction, Swire Pacific Offshore Operations (Pte)
Ltd. no longer holds any shares in Cadeler and Swire Pacific Offshore Operations
(Pte) Ltd.'s direct holding of the total share capital and voting rights in
Cadeler has accordingly been reduced from 21.55% to zero.  

In connection with the share transfer Swire Pacific Limited has expressed its
continued support to Cadeler and Swire Pacific Limited's current intention not
to sell its shares in Cadeler for a period of 12 months commencing on the date
hereof. 

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 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.

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 A/S is a key supplier within the offshore wind industry for installation
services and operation and maintenance works that provides marine and
engineering operations to the offshore wind industry with a strong focus on
safety and the environment. Cadeler's reputation as provider of high-quality
offshore wind support services, combined with an innovative vessel design,
positioning the company to deliver premium level services to the industry. As a
company, Cadeler continues to pursue new levels of efficiency, pushing beyond
the current boundaries of the supply chain. Cadeler enables and facilitates the
global energy transition towards a future built on renewable energy. Cadeler is
listed on the Oslo Stock Exchange (ticker CADLR).

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