6 April 2021

Cadeler A/S announces nomination of new Chairman of the Board of Directors and
expected transfer of shares from Swire Pacific Offshore Operations Pte Ltd to BW
Wind Services Pte. Ltd.

The Board of Directors is pleased to announce the nomination of Andreas
Sohmen-Pao as the new Chairman of the Board of Directors for election at the
Annual General Meeting of Cadeler A/S on 29 April 2021. The current Chairman of
the Board of Directors, Richard Sell, who is also the commercial director of the
Company's largest shareholder, Swire Pacific Offshore Operations Pte Ltd.
("SPO"), will step down at the 2021 Annual General Meeting at which time he will
have served for almost three years.

Andreas Sohmen-Pao is currently Chairman of one of the Company's major
shareholders, BW Group and its publicly listed affiliates BW Offshore, BW
Energy, BW LPG, BW Epic Kosan and Hafnia. He is also Chairman of the Singapore
Maritime Foundation and a trustee of the Lloyd's Register Foundation.

The Company has been informed by its two largest shareholders, SPO and BW Wind
Services, that they are currently in preliminary discussions on the sale of
shares in the near term from SPO to BW Wind Services pursuant to the rights of
first refusal and under the exemption from the lock-up undertaking by SPO.
Reference is also made to the descriptions of the rights of first refusal
between SPO and BW Wind Services and the lock-up undertaking by SPO described in
the prospectus published by the Company on 16 November 2020. The two
shareholders have informed Cadeler that the discussions are subject to final
agreement, but that any transfer of shares will entail that BW Wind Services
will have a total holding of shares and voting rights in the Company below 1/3
of the total share capital and voting rights in the Company, and that SPO will
continue to hold more than 25% of the share capital and voting rights. BW Wind
Services will therefore not obtain control over the Company and the change of
control provision in the Company's debt facility will not be triggered from the
contemplated transfer of shares.

Connie Hedegaard, Chair of the Nomination Committee:
"On behalf of the Board of Directors and the company, I am delighted that
Andreas Sohmen-Pao has accepted to be nominated as Chairman of the Board of
Directors of Cadeler. Andreas has a strong track record within the shipping and
maritime industry and brings the strategic skills, industry knowledge and
personal qualities needed to help enhance Cadeler's position as a premium
service provider in the offshore wind industry. We look forward to nominating
him for election at the Annual General Meeting to be held on 29 April 2021. I
would also like to express our gratitude to Richard Sell for his contribution as
Chairman of Cadeler over the past years and in particular in connection with
taking the company public in November 2020."

Andreas Sohmen-Pao:
"I am very pleased to be nominated as the Chairman of the Board of Directors of
Cadeler, and I look forward to the opportunity to work with the Board of
Directors and the leadership team of Cadeler to support Cadeler's continued
development in the offshore wind industry."

About Cadeler A/S:
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 our innovative vessel
design, positions us to deliver premium level services to the industry. We
continue to pursue new levels of efficiency, pushing beyond the current
boundaries of the supply chain. We will enable and facilitate the global energy
transition towards a future built on renewable energy.

Cadeler A/S
Fairway House
Arne Jacobsens Allé 7
DK-2300 Copenhagen S
Denmark
+45 3246 3100
Cadeler.com
CVR no. 31180503

Contact:
CEO, Mikkel Gleerup
Mikkel.gleerup@cadeler.com
+45 3246 3102

CFO, Mark Konrad
Mark.konrad@cadeler.com
+45 3246 3100

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