TIDMORSTED 
 
 
   NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN 
THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE 
UNITED STATES OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR TO ANY 
US PERSON (AS DEFINED IN REGULATIONS UNDER THE U.S. SECURITIES ACT OF 
1933) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO 
DISTRIBUTE THIS ANNOUNCEMENT OR THE TENDER OFFER MEMORANDUM (AS DEFINED 
BELOW). 
 
   Ørsted A/S ("Ørsted") announces today the result of its 
invitation to holders of its EUR 700,000,000 6.25% Hybrid Securities due 
3013 (the "Securities"; ISIN: XS0943370543) to tender such Securities 
for purchase by Ørsted for cash (such invitation, the "Offer"). 
 
   The Offer was announced on 9 February 2021 and was made subject to the 
terms and conditions of the Offer, set out in the tender offer 
memorandum dated 9 February 2021 (the "Tender Offer Memorandum") 
prepared by Ørsted. Capitalized terms used in this announcement and 
not otherwise defined have the meaning given to them in the Tender Offer 
Memorandum. 
 
   Pursuant to such terms and conditions of the Offer set out in the Tender 
Offer Memorandum (the "Terms and Conditions"), Ørsted has increased 
the Maximum Purchase Amount from EUR 250,000,000 to EUR 350,022,000. 
 
   Following the expiration of the Offer at 5:00 pm (CET) on 16 February 
2021, EUR 436,652,000 in aggregate principal amount of the Securities 
had been validly tendered pursuant to the Offer. It is hereby announced 
that Ørsted has accepted for purchase EUR 350,022,000 in aggregate 
principal amount of the Securities, subject to a pro ration factor of 
80.2%, in each case in accordance with the Terms and Conditions. 
 
   The Purchase Price Ørsted will pay for the Securities accepted for 
purchase pursuant to the Offer was determined at or around 1:00 pm (CET) 
today by reference to the Reference Benchmark Yield and the Purchase 
Spread (as set out below) in accordance with the Terms and Conditions. 
The Purchase Price is 114.028% of their principal amount, and 
Ørsted will also pay an Accrued Interest Payment in respect of such 
Securities accepted for purchase pursuant to the Offer. 
 
   Description: EUR 700,000,000 6.25% Hybrid Capital Securities due 26 June 
3013: 
 
 
   -- ISIN: XS0943370543 
 
   -- Reference Benchmark Yield: -0.494% 
 
   -- Purchase Spread: 75 bps 
 
   -- Purchase Yield: 0.256% 
 
   -- Purchase Price: 114.028% 
 
   -- Final accepted aggregated principal amount: EUR 350,022,000 
 
   -- Accrued Interest: EUR 40.58 per EUR 1,000 
 
   -- Principal amount outstanding after Settlement Date: EUR 349,978,000 
 
 
   The applicable Purchase Price together with Accrued Interest will be 
paid to holders whose Securities have been accepted for purchase by 
Ørsted. Settlement is expected to occur on 18 February 2021. 
 
   The information in this announcement does not change Ørsted's 
financial guidance for the financial year 2021 or the announced expected 
investment level for 2021. 
 
   For further information please contact: 
 
 
 
   Ørsted Investor Relations 
 
   Allan Bødskov Andersen 
 
   +45 99 55 79 96 
 
   https://www.globenewswire.com/Tracker?data=F6IlFIssAVva-f7aYag_f52kLDt16A3eIO2WwovWpFZ5YmYgIhCo3S1nENidd6tO2-Gqml5Q4UOXcroS2SmyMUosNQmqWRzyeZTZ0fswxi4isG7VMhfo3COZ2aAI512uunH34eBSgQZzfVDl1fPNtEuMpJSkUB1rs3DN6WYCpYQOHMlcLcqc3V2su1kBa9B_WfYaSr-az22X6oaeb0wfJrVAW9T1oXHxgwXc7K5yWVA= 
alban@orsted.dk 
 
   Ørsted Media Relations 
 
   Tom Christiansen 
 
   +45 99 55 60 17 
 
   https://www.globenewswire.com/Tracker?data=u6buZEhHWXVTue2VytizwEYmzCuKmTLeNe7Lu6UPbPdEtp72ytDl4zZGY6pa3oqwSVjJmqMtDde73H21Ev8tng== 
tomlc@orsted.dk 
 
   About Ørsted 
 
   The Ørsted vision is a world that runs entirely on green energy. 
Ørsted develops, constructs, and operates offshore and onshore wind 
farms, solar farms, energy storage facilities, and bioenergy plants, and 
provides energy products to its customers. Ørsted ranks as the 
world's most sustainable energy company in Corporate Knights' 2021 index 
of the Global 100 most sustainable corporations in the world and is 
recognised on the CDP Climate Change A List as a global leader on 
climate action. Headquartered in Denmark, Ørsted employs 6,179 
people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). 
In 2020, the group's revenue was DKK 52.6 billion (EUR 7.1 billion). 
Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and 
Twitter. 
 
   Attachment 
 
 
   -- Tender Offer for Hybrid Securities 
      https://ml-eu.globenewswire.com/Resource/Download/4aaee140-9114-417b-b851-f9931c2ff971

(END) Dow Jones Newswires

02-17-21 0901ET