Vestas Wind Systems A/S Copenhagen Stock Exchange Nikolaj Plads 6 DK-1067 Copenhagen K. Ringkøbing, 3 March 2003 Stock Exchange announcement no. 03/2003 Page 1 of 1 Vestas selected as turnkey supplier for another major offshore wind project in the United Kingdom Vestas Wind Systems A/S has via its 100 % owned subsidiary Vestas - Celtic Wind Technology Ltd. been selected to build another major offshore wind farm in the United Kingdom. The turnkey contract has been awarded by Powergen Renewables Offshore Wind Ltd., a 100 % owned subsidiary of Powergen Ltd. The 60 MW project is scheduled for completion in the autumn of 2004, and will be located approximately 3 km. off the East Coast of England at Great Yarmouth, Norfolk, on a sandbank known as the Scroby Sands. The location is characterised by relatively shallow water of 4-8 m depth. The contract comprises 30 units Vestas V80-2.0 MW wind turbines, monopile foundations, offshore electrical infrastructure, the Vestas OnLine™ remote monitoring system and a 5- year contract for operation and maintenance of the power plant. Scroby Sands Offshore Wind Farm is the second of 18 similar projects currently planned in the waters around United Kingdom. “The UK market for wind turbines is gaining momentum, and the recently published White Paper from the government predicts a bright future for wind power in the UK”, says Tom K. Pedersen, Managing Director of Vestas – Celtic Wind Technology Ltd. He continues “We are currently building the first major UK offshore wind project North Hoyle wind farm in the Irish Sea off Wales. The installation of the Scroby Sands wind farm will commence immediately after North Hoyle and underlines our competitive position in the offshore sector.” The contract has a value to Vestas of approximately EUR 100 million, and the turbines will be supplied from Vestas’ wind turbine manufacturing facility on Kintyre, Scotland. The above mentioned order does not influence the Vestas Group’s expectations for year 2003, cf. Stock Exchange announcement no. 18/2002 of 26 November 2002. For further information, please contact the board of management, Vestas Wind Systems A/S, phone no. +45 9730 2575. Best regards, Vestas Wind Systems A/S Svend Sigaard Managing Director Address Phone Fax Bank Smed Sørensens Vej 5 +45 96 75 25 75 Administration +45 97 30 24 36 Nordea Bank Danmark A/S DK-6950 Ringkøbing e-mail/homepage Group Sales +45 97 30 26 55 2149 0651 117097 Denmark [email protected] Purchase dept. +45 97 30 28 00 CVR-no. 10 40 37 82 www.vestas.com Service +45 97 30 22 73.