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Regulatory press release

BONHR: Change in the Blaavinge partnership on offshore wind developments in Norway

Bonheur
Reference is made to previous announcement in June 2021 on Ørsted joining the
Bonheur ASA wholly owned subsidiary Fred. Olsen Renewables AS, now Fred. Olsen
Seawind ASA, and Hafslund in partnership for offshore wind developments in
Norway.

Ørsted have informed us that due to a prioritisation of investments in the
portfolio they will withdraw from pursuing participation in offshore wind
developments in Norway, and therefore their participation in the partnership
will discontinue.

Hafslund and Fred. Olsen Seawind will continue their strong partnership with a
view to pursue the Utsira Nord project specifically and offshore wind in Norway
generally. The Blaavinge partnership with Hafslund and Fred. Olsen Seawind is
not in a position to pursue Sørlige Nordsjø II.
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