Van Oord Dredging and Marine Contractors bv Schaardijk 211 PRESS RELEASE NL-3063 NH

PO Box 8574 Large Taiwan offshore wind project for Van Oord NL-3009 AN Rotterdam The

Rotterdam, the Netherlands, 30 May 2018 - Van Oord has been designated as T +31 88 8260000 F +31 88 8265010 preferred contractor for a large 640 MW offshore wind project in Taiwan. By E [email protected] obtaining this contract, Van Oord has taken a firm first step on the Asian I www.vanoord.com offshore wind market. This Yunlin project has a contract value of Page 1 of 2 approximately EUR 500 million.

The Yunlin offshore wind project is being developed by the German project developer wpd. Van Oord is responsible for the design, manufacturing and installation of the eighty foundations. Preparations for the wind farm, which will be constructed eight kilometres off the coast of the Yunlin prefecture, starts immediately.

Energy transition in Taiwan The offshore wind strategy of Taiwan is driven by the desire to phase out nuclear energy. High wind speeds, manageable distances in terms of coastal and water depth and a progressive government policy make offshore wind an attractive energy alternative. The aim of the Taiwanese government is to install 5.5 GW of offshore wind projects by 2025. The Yunlin project is part of the Taiwanese government's feed-in tariff ("FIT") programme. This means that it is connected to the Taiwan network and allows a long-term power contract of 20 years. In 2020, about 350 MW must be connected to the grid, with the remaining part following in 2021.

‘In , and especially in Taiwan, large investments are being made in offshore wind. The Yunlin project is a great opportunity for Van Oord to show our expertise outside . We look forward to working with our local partners to enable the energy transition of Taiwan’, says CEO Pieter van Oord.

Schedule Financial Close is expected at the end of 2018. At the start of 2020, the first foundations will be available for installation. The installation period will also take place in 2020. Monopiles, scour protection, transition pieces and turbines will be installed in succession.

Van Oord Dredging and Marine Contractors bv

Van Oord’s experience in Taiwan

The Yunlin project is the first Van Oord offshore wind project in Taiwan and also its Page 2 of 2 first wind contract outside Europe. However, Taiwan is familiar territory due to previous dredging and offshore projects. At the end of 2017, Van Oord completed one of Taiwan's largest projects. With the creation of 250 hectares of new land in the Port of Kaohsiung, Van Oord made a positive contribution to the economic development of the country, as a result of which Van Oord received the Golden Quality Award. This award is an important recognition from the Public Construction Commission of the Taiwanese government.

About Van Oord Van Oord is a Dutch family-owned company with 150 years of experience as an international marine contractor. The focus is on dredging, oil & gas infrastructure and offshore wind. In 2017, Van Oord recorded a turnover of more than EUR 1.5 billion. Its head office is in Rotterdam. Van Oord employs approximately 4,500 staff, who worked in 2017 on 180 projects in 42 countries. The fleet consists of more than one hundred vessels. Marine ingenuity is characteristic of Van Oord. By using innovative, smart and sustainable solutions, it wishes to contribute to a better for future generations. In 2018, the company is celebrating its 150th anniversary.

More information Please contact Robert de Bruin, Head Corporate Communication & Markets, T: +31 (0)88 8268234, M: +31 (0)6 53440890, E: [email protected].

This press release and the accompanying photo/photos can be used royalty-free. See also: https://www.vanoord.com/news