1BW Altor Pte. Ltd.'s holding changed to 85,324,026 shares, representing 22.10% of voting rights, down from 27.36%.
2The change resulted from a share lending arrangement of 22,968,883 shares to DNB Carnegie to facilitate settlement of a private placement.
3Cadeler conducted a private placement of 35,095,758 new shares, announced on 26 March 2026.
4BW Altor subscribed for 12,126,875 new shares in the private placement.
5Upon settlement and redelivery of lent shares, BW Altor is expected to hold 108,292,909 shares, or 28.05% of the company.
6BW Altor Pte. Ltd. is ultimately controlled by Andreas Sohmen-Pao.