Reference is made to the stock exchange announcement by Edda Wind ASA ("Edda
Wind" or the "Company") on 2 March 2023 regarding the ordering of four
commissioning service operation vessels ("CSOV") newbuilds to be built by Vard
Group. Edda Wind is today pleased to announce that the Company has entered into
a green term loan facility agreement for the pre- and postdelivery financing of
the four vessels under construction at Vard. 

The agreement is a EUR 161 million green loan facility with Crédit Agricole
Corporate and Investment Bank, Danske Bank A/S, DNB Bank ASA and SpareBank 1
SR-Bank ASA, with expiry in 2029 and a profile of 12 years. The facility
corresponds to a leverage ratio of 60% of the ready for sea cost of the vessels.


"We are pleased to secure another attractive green loan facility for our
newbuilding programme.  Edda Wind is grateful for the support by a group of
first-class lenders with a commitment to the offshore wind industry and pleased
that the bank group is further expanded, preparing the Company for the journey
ahead. Following this agreement, 13 of the 14 vessels in our fleet have secured
long term financing and we expect to finalise the debt financing of the
remaining vessel in 2024 once we have reached relevant yard milestones. By this
facility, Edda Wind has raised in excess of EUR 400 million in capital during
2023 for our newbuilding programme" says Kenneth Walland, CEO of Edda Wind.

For further information, please contact: 

Lars Stubhaug, VP Finance Edda Wind
Phone: +47 917 42 725
E-mail: lars.stubhaug@eddawind.com 

Tom Johan Austrheim, CFO Edda Wind 
Phone: +47 982 09 873
E-mail: tom.johan.austrheim@eddawind.com	

ABOUT EDDA WIND 

Edda Wind is a leading offshore wind service company headquartered in Haugesund,
Norway. The Company develops, builds, owns and operates purpose-built Service
Operation Vessels ("SOV") and Commissioning Service Operation Vessels ("CSOV")
for offshore wind farms worldwide. 

Edda Wind is creating the next generation of offshore wind service vessels and
works closely with partners to develop new technologies to reduce emissions
without compromising operational capabilities or cost competitiveness. 

The Company owns and operates three purpose-built offshore wind SOVs and three
CSOV and has eight dedicated offshore wind vessels under construction - one SOV
and seven CSOVs. All newbuild vessels are prepared for zero-emission utilising
liquid organic hydrogen carrier and/or methanol as an energy source.
Read more: www.eddawind.com