Q2 2021 Financial Highlights and Offshore Wind Build-Out Plan

Offshore market development - APAC Taiwan Japan South Korea 20 • Taiwan has met its target of awarding 5.5 GW to be commissioned by 2025 • 600 MW Greater Changhua 3 project ready for future auctions • Draft regulation for third round auction announced with 15 GW offshore wind target to be constructed from 2026-2035 up from previously 10GW • The third round auction is expected to take place in June 2022 • Authorities have announced a sector deal confirming 10 GW offshore wind target towards 2030 and 30-45 GW by 2040 ⚫ Bids submitted in first round auction in Japan in Choshi with TEPCO and in Noshiro and Yurihonjo with JWD/EURUS. Award expected in Q4 2021 11 areas designated as potentially suitable for development of offshore wind for 2nd round onwards with a capacity of approx. 7 GW - among these, four areas (three in West Coast and one in Kyusyu (southwest)) have been selected as promising for the 2nd round of promotional zones • 12 GW offshore wind build-out has been targeted in order to reach the 20% renewable mix towards 2030 and up to 35 % by 2040 The government announced 'Green New Deal' to fast track the build-out of renewable projects and industries ⚫ Authorities have further announced the 9th power supply demand plan in Jan. 2021 confirming renewable energy will be 77.8 GW to towards 2034 this equals 62.3 GW new renewable capacity and of those 25 GW is expected from wind power • • • Floating lidars deployed and site exclusivity secured off the coast of Incheon to collect data for potential offshore wind sites of 1.6 GW Hydrogen Act announced in February 2021 and road map for implementation will follow mid 2021 MoU with POSCO Group to expand relations and support the development of Ørsted's 1.6GW offshore wind project Other markets • Vietnamese government released draft Energy Master Plan including a minimum 3-5GW offshore wind target in 2030 and a 9-11GW target for 2035 ⚫ Ørsted has set up base in Vietnam to build local team and engage with local authorities and partners • Australian government is drafting OFW framework for introduction of legislation by Q3/Q4 2021, following which the government will undertake a number of studies to declare official zones/areas for offshore wind All auction and tender timelines and capacities based on current expectations and subject to change Orsted

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