Integrated Wind Solutions AS ("Integrated Wind Solutions" or "Company")
announces the appointment of Marius Magelie (39) as Chief Financial Officer with
effect as of 21 February 2022. Torgeir Skøien, acting as interim CFO and Group
Controller, will continue in the Company until the end of March 2022 to ensure a
smooth transition.
 
Lars-Henrik Røren, Chief Executive Officer, comments: "We are pleased to welcome
Marius Magelie as Chief Financial Officer to Integrated Wind Solutions. He
brings valuable experience from the ship-leasing company Ocean Yield and the
investment bank ABG Sundal Collier and will take part in building Integrated
Wind Solutions into a leading offshore wind service company."
 
Marius Magelie most recently served as Senior Vice President Finance & Investor
Relations at Ocean Yield ASA, where he has been employed since 2014. Ocean Yield
ASA was listed on the Oslo Stock Exchange and experienced strong fleet growth
during that period. 
 
Before joining Ocean Yield, Magelie was a partner and equity analyst in the
Nordic investment bank ABG Sundal Collier, focusing predominantly on the
shipping industry.
 
Mr. Magelie has a Master of Science degree in Financial Economics from the
Norwegian Business School. 

Oslo, 4 January 2021

For further information, please contact: 
Lars-Henrik Røren 
CEO Integrated Wind Solutions 
Phone: +47 98 22 85 06 
E-mail: lhr@integratedwind.com 

About Integrated Wind Solutions AS: 
Integrated Wind Solutions AS (ticker code: IWS) offers a fleet of
state-of-the-art service vessels to the offshore wind industry combined with a
suite of adhering services, to reduce levelized cost of energy (LCOE) for
offshore wind. The Company has two UT5519DE Design Wind Farm Support Vessels
under construction with delivery in 2023, and options for up to four further
sister vessels. Furthermore, Integrated Wind Solutions has a supply-chain
service company, IWS Services A/S, in Denmark and a 30% ownership in the
independent advisor, consultancy, data intelligence and operator /AM firm,
PEAK-Wind Group. Integrated Wind Solutions is headquartered in Oslo, Norway. For
more information, see company website: integratedwind.com.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

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