Integrated Wind : Company presentation March 2023

Investor Presentation

March 2023

Disclaimer

This presentation (the "Presentation") has been prepared by Integrated Wind Solutions ASA (the "Company" and together with its subsidiaries the "Group") for information purposes. This Presentation does not constitute an offer to sell or a solicitation of an offer to buy, or a recommendation regarding, any securities of the Company.

The distribution of this Presentation may be restricted by law in certain jurisdictions and persons into whose possession this Presentation comes should inform themselves about, and observe, any such restriction.

This Presentation contains certain forward-looking statements relating to the business, financial performance and results of the Group and/or the industry in which it operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes", expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", "will", "should", "may", "continue" and similar expressions. The forward-looking statements contained in this Presentation, including opinions and views of the Company or cited from third party sources, are based on various assumptions. The forward-looking statements are solely opinions and forecasts and are subject to risks and uncertainties which are difficult or impossible to predict and are beyond the Company's control. Forward-looking statements are not guarantees of future performance, and risks, uncertainties and other factors could cause the actual results of operations, financial condition and liquidity of the Group or the industry to differ materially from the expectations expressed or implied in this Presentation by such forward-looking statements. You are cautioned not to place any undue importance on any forward-looking statement.

The information in this Presentation is current as of the date hereof and is subject to change. The Company and its representatives are under no obligation to update or keep current the information contained in this Presentation.

This Presentation does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation regarding, any securities of the Company, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. In particular, the information within this Presentation must not be used in making any investment decision.

This Presentation does not purport to contain a complete description of the Group or the markets in which the Group operates. No representation or warranty, express or implied, is made as to the accuracy or completeness of any information contained in this Presentation, and it should not be relied upon as such. None of the Company, its advisers or any of their respective affiliates or representatives shall have any liability arising directly or indirectly from the use of this Presentation or its contents or otherwise arising in connection with this Presentation.

2

IWS | An integrated offshore wind solutions provider

1) Clarksons

32) 30% ownership. Fixed price option exercisable within three years from original share purchase to acquire an additional 19% of shares (pre-dilution from share-based option program to key employees)

Timeline | A transformative time since IPO has positioned IWS for strong growth

Successful

IPO

NOK 704m gross equity raise

IWS Services2

Establish new

Service &

Solutions

subsidiary in

Denmark

ProCon GroupIWS Services acquires 75% stake in Danish wind electrical solution provider

Bank loan

Entered into a

committed term sheet

for a EUR 56.25m

Senior Secured Credit

Facility

Dogger Bank CSOV charter contract

Informed of

intention to declare option for contract on Dogger Bank C

Vessels	Fleet
Launch of IWS	expansion
Skywalker + first	CSOVs #5-6
steel cut of IWS	ordered
Seawalker and
IWS Starwalker

MarchJuly

Feb-2021 April June

September

December

March 2022

November 2022

January 2023

First two CSOVs1 ordered

Dogger Bank CSOV charter contracts

Secures two

contracts on world's

largest offshore

wind farm

Green

Ducklings

IWS Services

acquires Danish

offshore wind

specialist

consultancy

PEAK Wind

Group

Invests in

Operations and

Asset

Management

company

Fleet expansion

CSOVs1 #3-4 ordered + first steel cut on IWS Windwalker

Successful Private

Placement

NOK 350m gross equity raise

Bank loan

Successful

Loan reclassified	Private
Placement
as Green
	NOK 350m
	gross equity
	raised

4	1Commission Service Operations Vessels
2Originally named IWS Service Solutions

The BIG challenge | ~6% of global energy supply is coming from renewable sources → push to decarbonize

5Source: PEAK Wind