Ørsted statement on Russia’s invasion of Ukraine

Ørsted finds the situation deeply disturbing, not least the human suffering following the war in Ukraine. The Russian aggression goes against everything that Ørsted stands for, and we have therefore taken significant steps in accordance with our values as a company.

Regarding the gas from Gazprom that is supplied to Denmark, Ørsted recommends a clear and coordinated effort from the EU and the UK. Shortfalls in gas supplies will, as opposed to stopping supply of other types of products, have severe human and societal consequences and therefore need to be coordinated at EU and national levels rather than decided by individual companies. Therefore, the dependency on Russian gas and any ban on import of gas from Russia need to be decided and enforced by clear political sanctions.

Ørsted’s management has taken the following immediate actions as a consequence of the Russian aggression:

• We have stopped all sourcing of biomass and coal for our power stations from Russia.
• We are not entering into new contracts with Russian companies.
• We have made sure that no direct Ørsted suppliers for the build-out of renewable energy are Russian.
• We have committed a financial contribution to Unicef and are also urgently looking into how best to support local organisations in Poland on handling the refugee situation.
• We devote special attention to those colleagues that have family members and friends in Ukraine who need time and support to be able to help and support their family and friends in Ukraine.

All potential EU or national sanctions impacting the gas supply will be fully supported and immediately executed.

/Mads Nipper, CEO, Ørsted

For further information, please contact:

Media Relations
Carsten Birkeland Kjær
+ 45 99 55 77 65
cabkj@orsted.com

Investor Relations
Allan Bødskov Andersen
+ 45 99 55 79 96
ir@orsted.com

About Ørsted
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Moreover, Ørsted provides energy products to its customers. Ørsted is the only energy company in the world with a science-based net-zero emissions target as validated by the Science Based Targets initiative (SBTi). Ørsted ranks as the world’s most sustainable energy company in Corporate Knights' 2022 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,836 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2021, the group's revenue was DKK 77.7 billion (EUR 10.4 billion).Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter.