DONG Energy enters into framework agreement on 6 megawatt offshore wind turbines with Siemens Energy

DONG Energy and Siemens Energy have today signed a framework agreement on the
supply and servicing of a total of 300 offshore wind turbines of 6 megawatt
each, giving a total capacity of 1,800 megawatt. The turbines will be installed
at selected DONG Energy offshore wind farms in the UK in the period 2014-2017.

The agreement concerns Siemens Energy’s newly developed 6 megawatt offshore
wind turbine with a 154-metre rotor based on gearless direct drive technology.
Siemens Energy’s new turbine belongs to the next generation of large offshore
wind turbines of more than 5 megawatt and will give a significantly higher
production per position.

”The agreement will enable DONG Energy to install a significantly larger
turbine from 2014 compared to the turbines, we know today. The agreement is a
key element of DONG Energy’s strategy to significantly expand offshore wind and
will strengthen our position as market leader in the offshore area,” says
Carsten Krogsgaard Thomsen, Acting CEO of DONG Energy.

”The agreement on the supply of the new turbines totalling 1,800 megawatt is an
important step for the growing wind industry and will help make offshore wind
more competitive,” says Carsten Krogsgaard Thomsen.

The agreement will support Siemens Energy to optimise production of its 6
megawatt offshore wind turbine and strengthen its market position as supplier
of wind turbines for the offshore industry.

“Offshore wind energy has huge potential,” says Michael Suess, member of the
Managing Board at Siemens AG and CEO of the Energy Sector.

“Offshore wind conditions are strong and stable, enabling an energy yield that
can be about 40 per cent higher than onshore. The UK, Denmark and Germany, in
particular, are counting on the future of offshore wind energy. We are pleased
that our long-term customer DONG Energy has chosen the latest generation of our
wind turbines. Together, we are working to further reduce the costs of this
environmentally-friendly form of power generation.”

Under the framework agreement, Siemens Energy will design, manufacture, supply,
install and service the 6 megawatt offshore wind turbines. Furthermore, the
partners have agreed on product and performance warranties reflecting the size
of the agreement.

The agreement commits DONG Energy to pay a cancellation fee in the event of the
cancellation of projects comprised by the agreement.

Whether individual projects comprised by the agreement will be built and the
total capacity under the framework agreement will be utilised depend on
official approvals of the specific projects and DONG Energy reaching positive
investment decisions for the projects.

DONG Energy and Siemens Energy both have a long track record in the offshore
wind turbine industry. In March 2009, DONG Energy and Siemens Energy entered
into an agreement on the supply of up to 500 3.6 megawatt offshore wind
turbines with a total capacity of up to 1,800 megawatt. The supply agreement
was the world’s largest of its kind and the parties thus took a big step
towards industrialisation of the offshore wind sector.

DONG Energy and Siemens Energy are currently working together on projects under
construction on Lincs, London Array and West of Duddon Sands in the UK, Borkum
Riffgrund 1 in Germany and Anholt offshore wind farm in Denmark. These projects
total approx. 2,000 megawatt.

The information provided in this announcement does not change the previous
financial guidance for the 2012 financial year or the announced expected
investment level.


For further information, please contact:

DONG Energy

Media Relations
Helene Aagaard
+45 9955 9330

Investor Relations
Morten Hultberg Buchgreitz
+45 9955 9750

Siemens

Media Relations
Eva-Maria Baumann
+49 9131 18-3700


DONG Energy is one of the leading energy groups in Northern Europe. We are
headquartered in Denmark. Our business is based on procuring, producing,
distributing and trading in energy and related products in Northern Europe. We
have approximately 6,400 employees and generated DKK 57 billion (EUR 7.6
billion) in revenue in 2011. For further information, see www.dongenergy.com.

DONG Energy enters into framework agreement on 6 megawatt offshore wind turbines with Siemens Energy.pdf

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