Copenhagen ,December 29, 2023 : Reference is made to the stock exchange announcement ofDecember 15, 2023 published by Cadeler A/S (OSE: CADLR, NYSE: CDLR) ("Cadeler") regarding the execution of an agreement and plan of merger (the "Merger Agreement") betweenEneti Inc. (NYSE: NETI) ("Eneti ") andWind MI Limited ("Cadeler Merger Sub"), a wholly owned subsidiary of Cadeler, pursuant to which Cadeler Merger Sub was to merge with and intoEneti , with Cadeler Merger Sub surviving the merger (the "Merger"). The purpose of the Merger was for Cadeler to acquire all of those shares ofEneti common stock that it did not acquire in its earlier share exchange offer for all of the outstanding shares ofEneti common stock. OnDecember 29, 2023 , Cadeler Merger Sub andEneti completed the Merger. The completion of the Merger followed a special meeting ofEneti's stockholders held onDecember 29, 2023 , at whichEneti's stockholders voted in favor of the proposal to authorize and approve the Merger Agreement, and the transactions contemplated thereby, including the Merger. Pursuant to the Merger Agreement, holders ofEneti common stock as of immediately prior to the time of filing of the articles of merger for the Merger with the Marshall Islands Registrar of Corporations, other than Cadeler and with respect to any treasury shares held byEneti , will receive approx.USD 11.37 in cash per share ofEneti common stock, without interest and subject to reduction for any applicable withholding taxes. The total aggregate amount of cash consideration payable in the Merger to such holders ofEneti common stock is expected to amount to approx.USD 59.8 million in the aggregate. In connection with the completion of the Merger,Eneti's common shares will cease to trade on theNew York Stock Exchange and be delisted. For further information, please contact: Point of contact for investors:Mikkel Gleerup , CEO +45 3246 3102 mikkel.gleerup@cadeler.com Point of contact for media:Karen Roiy , Head of Marketing & Communication +45 6020 8706 karen.roiy@cadeler.com About Cadeler A/S: Cadeler A/S is a key supplier within the offshore wind industry for installation services and marine and engineering operations with a strong focus on safety and the environment. Cadeler's experience as provider of high-quality offshore wind support services, combined with innovative vessel designs, positions the company to deliver premium services to the industry. Cadeler facilitates the global energy transition towards a future built on renewable energy. Cadeler is listed on theOslo Stock Exchange (OSE: CADLR) and theNew York Stock Exchange (NYSE: CDLR). Visit www.cadeler.com for more information.
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