Ørsted Successfully Concludes Tender Offer for Hybrid Capital Securities

Ørsted Successfully Concludes Tender Offer for Hybrid Capital Securities

(IN BRIEF) Ørsted A/S has finalized its invitation to holders of its EUR 500,000,000 2.25% green hybrid capital securities due in 3017 to tender their securities for purchase by Ørsted for cash. With EUR 249,544,000 in aggregate principal amount of securities validly tendered by the Expiration Deadline, Ørsted has accepted all such securities for purchase at a price of 98.75% of the principal amount, along with accrued interest. This successful tender offer reflects Ørsted’s ongoing commitment to managing its capital structure efficiently and underscores investor confidence in the company’s long-term prospects. Settlement is expected to occur on 14 March 2024.

(PRESS RELEASE) FREDERICIA, 13-Mar-2024 — /EuropaWire/ — Ørsted A/S (‘Ørsted’) announces the result of its invitation to holders of its EUR 500,000,000 2.25 % green hybrid capital securities due in 3017 (ISIN: XS1720192696) (the ‘Capital Securities’), to tender any and all such Securities for purchase by Ørsted for cash (such invitation, the ‘Offer’).

The Offer was announced on 5 March 2024 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 5 March 2024 (the ‘Tender Offer Memorandum’). Capitalised terms used in this announcement and not otherwise defined have the meaning given to them in the Tender Offer Memorandum.

As at the Expiration Deadline for the Offer being at 17:00 CET on 11 March 2024, EUR 249,544,000 in aggregate principal amount of the Securities was validly tendered pursuant to the Offer. It is hereby announced that Ørsted accepts for purchase all such Securities validly tendered in full.

The Purchase Price is 98.75 % of the principal amount, and Ørsted will also pay Accrued Interest in respect of such Securities accepted for purchase pursuant to the Offer.

Description: EUR 500,000,000 2.25 % hybrid capital securities due on 24 November 3017:

• ISIN: XS1720192696
• Purchase Price: 98.75 %
• Final accepted aggregated principal amount: EUR 249,544,000
• Accrued Interest: EUR 6.82 per EUR 1,000 (based on Settlement on 14 March 2024
• Principal amount outstanding after Settlement Date: EUR 250,456,000

The applicable Purchase Price together with Accrued Interest will be paid to holders whose Securities have been accepted for purchase by Ørsted. Settlement is expected to occur on 14 March 2024.

About Ørsted
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, renewable hydrogen and green fuels facilities, and bioenergy plants. Ørsted is recognised on the CDP Climate Change A List as a global leader on climate action and was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative (SBTi). Headquartered in Denmark, Ørsted employs approx. 8,900 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2023, the group’s revenue was DKK 79.3 billion (EUR 10.6 billion). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and X.

Media Contacts:

Global Media Relations
Carsten Birkeland Kjær
+45 99 55 77 65
cabkj@orsted.com

Investor Relations
Rasmus Keglberg Hærvig
+45 99 55 90 95
ir@orsted.com

SOURCE: Ørsted A/S