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). 
 
   This announcement and the Tender Offer Memorandum do not constitute an 
invitation to participate in the Offer (as defined below) in any 
jurisdiction in which, or to any person to or from whom, it is unlawful 
to make such invitation or for there to be such participation under 
applicable securities laws. The distribution of this announcement and 
the Tender Offer Memorandum in certain jurisdictions may be restricted 
by law. 
 
   Ørsted A/S hereby invites holders of its: 
 
   --EUR 700,000,000 6.25% Hybrid Capital Securities due 3013 (the 
'Securities'; ISIN: XS0943370543) 
 
   to tender Securities for purchase by Ørsted A/S for a targeted 
aggregate purchase amount of up to nominal EUR 250 million for cash on 
the terms and subject to the conditions set out in the tender offer 
memorandum dated [9] February 2021 (the 'Tender Offer Memorandum') (the 
'Offer').  The Tender Offer is subject to the successful issuance of the 
dual-tranche subordinated green hybrid capital securities ("New Hybrid 
Issue") as also announced by Ørsted today. Capitalized terms used 
in this announcement and not otherwise defined have the meanings 
ascribed to them in the Tender Offer Memorandum. 
 
   Ørsted A/S will pay (for Securities accepted by it for purchase 
pursuant to the Offer) a Purchase Price calculated with reference to 
Purchase Yield at 5:00 pm on 17 February 2021 (the "Pricing Date"). 
 
   The Purchase Price will be confirmed as soon as reasonably practical on 
the Pricing Date. Ørsted A/S will also pay Accrued Interest in 
respect of Securities accepted for purchase pursuant to the relevant 
Offer. 
 
   Together with Ørsted's New Hybrid Issue, the purpose of the Offer 
is to partly refinance the Securities and increase Ørsted's total 
amount of outstanding hybrid capital. Securities purchased by 
Ørsted A/S pursuant to the Offer will be cancelled and will not be 
re-issued or re-sold. Securities which have not been validly offered and 
accepted for purchase pursuant to the Offer will remain outstanding 
 
   The Offer commence today, 9 February 2021 and will expire at 17:00 hours 
(CET) on 16 February 2021. The results of the Offer will be announced as 
soon as reasonably practicable possibly on the Pricing Date. Settlement 
of the Offer is scheduled to take place on 18 February 2021. 
 
   Further details about the Offer is found in the Tender Offer Memorandum 
available via the Tender Agent (Lucid Issuer Service Limited; Telephone: 
+44 207 704 0880; email: 
https://www.globenewswire.com/Tracker?data=Nj0UzCuyeQzpFURpsbl_XmJAyb5lTxTl1m_gejXovsWtKFHZl_im2T_C6C5D3nS48CjfsIJkdW7eIHqcenujmXQmR6FIkmUJg78ICRD2au4= 
orsted@lucid-is.com) through the following link: [ 
https://www.globenewswire.com/Tracker?data=hKjvr6MiJGxzRxhogHN90lo0Wwan-qk3afvlDjIRpMBJ5yihtF-KvqBH2qJ9oXJqCXmekOQBm-5Gv2Rs9uMq8_PN8Fqbx0qMCzTGFi2AInY= 
https://portal.lucid-is.com.]  Non-registered users: Please complete the 
user registration form located in the same website by going to [ 
https://www.globenewswire.com/Tracker?data=hKjvr6MiJGxzRxhogHN90lo0Wwan-qk3afvlDjIRpMBloVOMQlOnwyjoWogSh1XDRwaA26sxKxH-V-PQgPOrqJG8ewYdHqE-4jLh0LM3kxVCo0efcPpW_BxscL_vyFqxhtgMkDS5e6lszeoj8CfAT_CCARcnZLTPq4x-R8Qm-vA= 
https://portal.lucid-is.com/register?returnUrl.] 
 
   Barclays Bank Ireland PLC, Deutsche Bank Aktiengesellschaft, Goldman 
Sachs International, Morgan Stanley & Co. International plc and Nordea 
Abp will act as Dealer Managers on the Tender Offer. 
 
   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. 
 
   Further information 
 
   Media Relations 
 
   Carsten Birkeland Kjær 
 
   +45 99 55 77 65 
 
   https://www.globenewswire.com/Tracker?data=trI_Y8M6vb5PJz2ujYbW5vUIygy1a1kdHWQ0AS0y1DInHwW7j_9tZMu_ihUVyX40lrWKIIZzJwJlzkKa6qC-ZQ== 
cabkj@orsted.dk 
 
   Investor Relations 
 
   Allan Bødskov Andersen 
 
   +45 99 55 79 96 
 
   Offer and Distribution Restrictions 
 
   Neither this announcement, the Tender Offer Memorandum nor the 
electronic transmission thereof constitutes an offer to buy or the 
solicitation of an offer to sell Securities (and tenders of Securities 
for purchase pursuant to the Offer will not be accepted from Holders (as 
defined in the Tender Offer Memorandum)) in any circumstances in which 
such offer or solicitation is unlawful. In those jurisdictions where the 
securities, blue sky or other laws require an Offer to be made by a 
licensed broker or dealer and any of the Dealer Managers (as defined in 
the Tender Offer Memorandum) or any of their respective affiliates is 
such a licensed broker or dealer in any such jurisdiction, such Offer 
shall be deemed to be made by such Dealer Manager or such affiliate, as 
the case may be, on behalf of Ørsted A/S in such jurisdiction. 
 
   The Tender Offer Memorandum contains certain offer and distribution 
restrictions with which any Holders must ensure compliance. 
 
 
 
   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/e23dc1cf-1c26-4c98-871d-f2d9742837ef

(END) Dow Jones Newswires

02-09-21 0410ET