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Regulatory press release

Edda Wind ASA: takes delivery of CSOV "Edda Breeze"

Edda Wind
31 May 2022 - Offshore wind service company Edda Wind today announces that it
has taken delivery of its first CSOV, the hydrogen-ready Edda Breeze. The vessel
is the first to be delivered as part of a nine-vessel newbuilding programme.


The new Commissioning Operation Vessel (CSOV), named Edda Breeze, will in August
go on a ten-year contract with Ocean Breeze at the Bard Offshore 1 wind farm in
Germany.

"The delivery of Edda Breeze marks the start of deliveries for our newbuilding
programme of nine vessels. More importantly, we have already secured long-term
contracts for the first four newbuilds. Hence, each vessel delivery means
increased revenues and improved profitability for Edda Wind," says Kenneth
Walland, CEO of Edda Wind.

HYDROGEN-READY
The CSOV Edda Breeze has been designed with flexibility and operability that
enable it to service wind farms worldwide. The vessel has also been prepared for
zero-emission operations with hydrogen as energy carrier in a Liquid Organic
Hydrogen Carrier (LOHC) concept. This concept has been adopted by Edda Wind as
it meets the company's strict criteria for safe operation, logistical solutions
and endurance. For example, this way of handling hydrogen on board avoids
exposure to the safety risks that exist for several other green fuel solutions.

"Edda Breeze is the first CSOVs in the world prepared with a hydrogen-based
energy system planned for four weeks endurance. In principle, this means that
this vessel in a few years' time is capable of supporting the construction and
commissioning of wind farms without generating carbon emissions," adds Kenneth
Walland.

Edda Breeze is of Salt 0217 design and build number C489 from Astilleros Gondán
shipyard in Spain, the same yard that delivered Edda Passat and Edda Mistral in
2018. The vessel is 88.3 metres long with a beam of 19.7 metres. It can
accommodate up to 120 persons onboard.

11-VESSEL FLEET
In addition to Edda Breeze and the eight vessels - six CSOVs and two Service
Operations Vessels (SOVs) - currently on order, Edda Wind owns and operates two
SOVs, Edda Passat and Edda Mistral. The two latter vessels are both on charters
for Ørsted on wind farms offshore the UK. In total, Edda Wind's fleet will
consist of 11 vessels.

In addition, Edda Wind operates one chartered-in frontrunner vessel, the Edda
Fjord. Edda Fjord commenced the Ocean Breeze contract in April 2021 and will
operate until replaced by Edda Breeze.

"Operators are continuously looking for ways to improve the efficiency of wind
farm operations and reduce operating costs and environmental footprint. Our
specially designed offshore wind service vessels provide exactly this. We expect
demand for specialised service vessels to improve, and we are well-positioned to
capitalise on this trend," adds Kenneth Walland.

Edda Wind is the leading pure-play offshore wind service company, headquartered
in Haugesund, Norway. The Company develops, builds, owns and operates
purpose-built SOVs and CSOVs for offshore wind farms worldwide.

For further information, please contact:

Kenneth Walland, CEO Edda Wind
Phone: +47 916 93 418
E-mail: kenneth.walland@eddawind.com

Tom Johan Austrheim, CFO Edda Wind
Phone: +47 982 09 873
E-mail: tom.johan.austrheim@eddawind.com

ABOUT EDDA WIND
Edda Wind is a pure-play offshore wind service company headquartered in
Haugesund, Norway. The Company develops, builds, owns and operates purpose-built
Service Operation Vessels ("SOV") and Commissioning Service Operation Vessels
("CSOV") for offshore wind farms worldwide. Edda Wind is creating the next
generation of offshore wind service vessels and works closely with partners to
develop new technologies to reduce emissions without compromising operational
capabilities or cost competitiveness. As of today, the Company owns and operates
two purpose-built offshore wind SOVs, operates one chartered frontrunner, and
has nine dedicated offshore wind vessels under construction - two offshore wind
SOVs and seven offshore wind CSOVs - with delivery from 2022 to 2024. All
newbuild vessels are prepared for zero-emission utilising liquid organic
hydrogen as an energy source. Read more on www.eddawind.com
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