WIND SYSTEMS A/S

Copenhagen Stock Exchange Nikolaj Plads 6 DK-1067 Copenhagen K.

Ringkøbing, 3 January 2001 Stock Exchange announcement no. 01/2001 Page 1 of 1

Vestas is elected as supplier of wind turbines for the offshore wind park at Horns Rev in the

Vestas - Scandinavian Wind Technology A/S, which is 100% owned by Vestas Wind Systems A/S, has been notified that Elsam A/S will initiate concluding negotiations with the company concerning the supply of wind turbines for installation at Horns Rev.

The offshore project at Horns Rev, which is planned for installation during the summer 2002, will be the world's largest offshore plant so far with a capacity of 160 MW. The chosen turbine type is Vestas' V80-2,0MW and the expected order will have a value of around 1 billion DKK inclusive services. Before signing the final contract, a number of planning issues shall be discussed and permissions from authorities shall be given.

"We are very pleased with the information that Elsam A/S has elected Vestas as supplier", says Karl Gustav Nielsen, Managing Director of Vestas - Scandinavian Wind Technology A/S, and he adds: "We consider this to be reflecting that Vestas with the V80-2.0MW turbine has been able to comply with the specifications - technical as well as financial, which Elsam A/S sets for a large offshore project."

The wind power plant at Horns Rev in the North Sea will be the first of the five large offshore projects, which the Danish utilities are directed to build before 2008. "We are enthusiastic about Vestas getting the opportunity to participate in the building of the first offshore project in the North Sea", says Managing Director Johannes Poulsen, Vestas Wind Systems A/S, "We consider it to be a very prestigious project, which no doubt will provide us with a lot of valuable experience. We look forward to an interesting co- operation with Elsam A/S concerning the project."

For further information, please contact the Board of Management, Vestas Wind Systems A/S, phone +45 9675 2575.

Best regards,

Vestas Wind Systems A/S

Johannes Poulsen Managing Director

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