Investor Presentaiton

Offshore market development - APAC • Taiwan has met its target of awarding 5.5 GW to be commissioned by 2025 ⚫ Ørsted has more than 3 GW of developing pipeline in preparation to participate future auctions Taiwan Japan • Third round auction announced with 15 GW offshore wind target to be constructed from 2026-2035 • Auction round 3.2 bid submission deadline expected in Q4 2023/Q1 2024 Target of 10 GW offshore wind towards 2030 and 30-45 GW by 2040 ⚫ 18 sites have been designated as potentially suitable for the development of offshore wind for upcoming auctions onwards with a capacity of ~7 GW • Auction round 2 was released in December 2022 with bid submission deadline in June 2023 and expected award announcement in Q4 2023 • • The previous administration's NDC pledge for 40 % GHG reduction by 2030 against 2018 levels is set to be maintained by President Yoon Electricity Business License "EBL" submitted for Incheon 1.6 GW. Approval expected within 2023 South Korea Vietnam • Hydrogen Act announced in February 2021 setting targets for 15 GW of hydrogen fuel cells for power generation and production of 6.2 million hydrogen FCEVS by 2040 ⚫ The baseline of OSW REC multiplier is increased from 2.0 to 2.5 and REC mandate has been reformed from 10 % by 2022 to 25 % by 2026 The adoption of the 2030 energy policy including finalization of the master plan (PDP8) remains delayed. The adoption of the policy is required to put the relevant secondary legislation in place • Offshore Wind is officially stated to be a technology of strategic importance for VN to achieve its 2050 net zero target Australia ⚫ Australian federal government has released its secondary offshore energy legislation, outlining guidelines for application requirements/assessment criteria and recovery costs • The feasibility license application process to grant seabed exclusivity for sites in Victoria has now been launched with submissions due by 27 April 2023 with results known by Q4 2023. Total number of licenses available for award has not been disclosed • Australia's Victorian government has announced a preliminary target of 9 GW by 2040, preceded by 2 GW by 2032 and 5 GW by 2035 21 All auction and tender timelines and capacities based on current expectations and subject to change Orsted

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