Pursuant to “Electrical Utility Act, Article 10, Paragraph 1, Item 1 and Paragraph 2, Item 1, Article 7, Paragraph 5, Item 5, and Article 4, Paragraph 2 and Article 4-2, Paragraph 1 of the Enforcement Decree of the same Act.” In order to collect opinions from residents due to changes in the shareholder composition and shareholding of the offshore wind power generation project, please see the information below.  If you have any comments regarding this, please submit them in writing within the relevant period.

OW Offshore, S.L. CEO / CEO of Aker Offshore Wind Operating Company AS

1. Business overview

•Power plant name : Ulsan East Blue Power (EBP) offshore wind power generation complex

•Location : Within the exclusive economic zone, (35°27'23.26"N, 130°19'4.98"E , 35°27'16.68"N, 130°25'37.21"E, 35°23'6.08"N, 130°19'4.58"E , 35 °23'0.21"N, 130°25'30.25"E)

•Business area : Approximately 80km ² ( 1 location with a 5km radius )

•Project operator : East Blue Power Co., Ltd.

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2. Main contents of power generation project

•Facility capacity: 375MW floating offshore wind power

•Expected business start date: December 31, 2026

•Business operation period: January 1, 2027 - December 31, 2056

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3. Shareholder composition and shareholding changes

•The business operator shares (90%) owned by Korea Floating Wind Power Co., Ltd. (hereinafter referred to as “KFW”) were transferred to the shareholders of KFW as follows.

•OW Offshore, S.L.'s new acquisition of business operator shares (60%)

•Acquisition of new business operator shares of Aker Offshore Wind Operating Company AS (30%)

4. Applicant for stock acquisition authorization: CEO of OW Offshore, S.L. / CEO of Aker Offshore Wind Operating Company AS

5. Period and method for submitting opinions

•Opinion submission period: December 27, 2023 - January 10, 2024

•How to submit opinions: Submit the resident opinion form provided at East Blue Power Co., Ltd. headquarters, including the name, address, and date of birth of the person submitting the opinion, via visit, fax, or mail.

•Content: Matters related to changes in shareholder composition for offshore wind power generation projects and collection of residents’ opinions regarding new stock acquisition

※ Location: 16th floor, Borim Tower, 182 Samsan-ro, Nam-gu, Ulsan

※ Contact: Tel) 052-227-5400, Fax) 052-227-5401

December 27, 2023