** EMBARGOED RELEASE UNTIL APRIL 3, 2018 9:00AM ET**

Bay State Wind Brings New Steel Facility and Manufacturing Capabilities to Massachusetts
Offshore Wind Developer Brings World Leading Steel Manufacturer
to the U.S. to Develop New Industry

BOSTON, Ma. (April 3, 2018) - Bay State Wind, the 50-50 partnership between Ørsted, the global leader
in offshore wind, and Eversource, New England’s premier transmission builder, today announced it has
entered into an agreement with EEW, the international market leader in steel pipe manufacturing, to
open and staff a Massachusetts facility to manufacture offshore wind components. Bay State Wind and
EEW will collaborate with Gulf Island Fabrication, a U.S.-based worldwide leader in the construction of
offshore and onshore energy sector facilities. The collaboration will deploy new and specialized steel
manufacturing capabilities that are not currently utilized in the U.S. Together, these companies create
an industry-leading force that will build a renewable energy supply chain in Massachusetts, resulting in
local job creation and state-wide economic benefits.

“The U.S. market, with Massachusetts and the Northeast at the forefront, has long been ripe for robust
development of offshore wind energy,” said Christoph Schorge, Managing Partner of EEW Group. “We
regard these first steps as a starting point of a long-term and sustainable approach in the U.S. offshore
wind industry and we are proud to enter the market with such a knowledgeable partner as Bay State
Wind.”

EEW and Gulf Island Fabrication recently visited Massachusetts to view potential site locations to build
its U.S. hub. The new facility, manufacturing and load-out will generate approximately 500 annual
construction jobs with up to 1,200 additional annual indirect jobs in the local community. The facility is a
long-term commitment in the first offshore wind-manufacturing site in North America which will result
in lasting jobs for Massachusetts workers. Types of direct jobs include welders, blaster painters, steel
fabricators and other associated trades.

With a working relationship lasting nearly ten years, EEW has supplied more than 650 monopile
foundations to offshore wind projects with Ørsted around the world. Ørsted identified EEW for Bay
State Wind early in the development of the project, which will now allow both EEW and Gulf Island to
pioneer a new industry in Massachusetts and North America. According to a recent survey by
Environment Massachusetts, the commonwealth has more offshore wind potential than any other state
in the country, and enough to power 19 times the state's current electricity consumption. Developing
the offshore wind supply chain and bringing manufacturing jobs directly to the Bay State will further
cost reductions and provide business, economic, and educational benefits to local communities.

“Being able to bring the world’s preeminent steel manufacturer in the offshore energy sector along with
Gulf Island Fabrication, a premier U.S. fabrication company, to work on the Bay State Wind project is a
tremendous honor,” said Thomas Brostrøm, President of Ørsted North America. “In addition to an
unmatched record of safety, EEW has been a longtime partner of Ørsted’s which will make for seamless
project management and a strong, trusting working relationship.”

"By teaming up with EEW and Gulf Island Fabrication, we are working to bring world-class offshore wind
expertise to the U.S.," said Mike Auseré, Vice President of Business Development at Eversource. "It will
allow us to play a vital role in bolstering the local economy and ensuring customers are always receiving
the best return on their investments by our continuous efforts to keep energy costs low."

EEW and Gulf Island will specifically work on the production of monopile foundations and transition
pieces, including secondary steel components, painting, and pre-fabricated components for offshore
wind turbine foundations. EEW will manufacture the large steel pipes and primary pieces of the project.
Gulf Island will outfit the secondary materials of the project and execute the painting scope. At every
possible opportunity, the companies will contract with local Massachusetts suppliers and manufacturers
to source and develop capabilities for several major components, including boat landings, ladders and
internal platforms for the construction of the foundations. The two companies bring a complete
understanding of the skills and methods needed to ensure projects are completed on time and on
budget.

“As we look to the future for the U.S. energy sector, offshore wind will undoubtedly be a prominent
source of energy for many Americans,” said Kirk Meche, President and CEO of Gulf Island Fabrication.
“We are thrilled to be partnering with two industry-leading companies in their respective fields on the
first commercial-scale offshore wind farm in the country.”

Bay State Wind is a proposed offshore wind project located 25 miles off the Massachusetts South Coast
and 15 miles off the coast of Martha’s Vineyard, will be America’s first large-scale, commercial wind
farm. The project will supply 500,000 Massachusetts homes with clean, reliable power. It will also create
more than 1,200 annual jobs during construction of the project and over 10,800 indirect and direct jobs
over the life of the project. The proposed Bay State Wind project will establish Massachusetts as the hub
for offshore wind leadership in the U.S.

About Bay State Wind

Bay State Wind is a proposed offshore wind project located 25 miles off the Massachusetts South Coast
and 15 miles off the coast of Martha’s Vineyard. The project is a joint venture between Ørsted – the
global leader in offshore wind – and Eversource – New England’s premier transmission builder. Bay State
Wind brings the experience of developing 23 projects around the world, on time and on budget, as well
as deep expertise in building transmission within New England, and sophisticated knowledge of the
region’s electrical grid. Bay State Wind’s proposed commercial-scale offshore wind project will create
more than 10,000 direct and indirect jobs over the lifetime of the project, drive economic growth,
provide cost-competitive clean energy and bring a supply chain that establishes Massachusetts as the
U.S. hub for a new American industry. For more information on Bay State Wind, visit baystatewind.com
or follow us on Twitter @baystatewind.

About EEW Group

For more than 80 years, the EEW Group has been known worldwide as a specialist for the production of
large diameter steel pipes for the offshore wind as well as oil and gas industry. Being a pioneer in the
field of offshore wind foundations, EEW has already participated in the industry’s first research projects
such as Alpha Ventus (2008, Germany). Since that time the Germany based company contributed with
approx. 1.5 million tons of steel pipes for nearly 2,000 offshore wind foundations to more than 40
offshore wind projects and gained a market leading position. Having nine pipe mills worldwide, thereof
three mills (EEW SPC in Germany, EEW KHPC in South Korea and EEW OSB in UK) which are exclusively
concentrated on the production of offshore wind components, EEW is able to offer a complete portfolio
of offshore wind components including monopiles, transition pieces, pre-fabricated components for
jacket foundations as well as secondary steel and coating. With innovative energy and the dedication of
more than 2,000 employees worldwide, the EEW Group creates innovative solutions for the sustainable
energy sector.

About Gulf Island Fabrication, Inc.

Gulf Island Fabrication, Inc. is a leading fabricator of complex offshore and onshore steel structures used
in the oil and gas, petrochemical, power generation, and alternative energy business sectors throughout
the world. In business for over thirty-three years, the Company also provides related installation,
hookup, commissioning, repair and maintenance services for the offshore oil and gas industry through
its Services Division. Additionally Gulf Island Fabrication, Inc. operates a Shipyard Division with facilities
providing new build and repair of marine transportation vessels. The Company recently fabricated
offshore wind turbine foundations for the first offshore wind power project in the United States. The
Company also constructed two of the largest lift boats servicing the Gulf of Mexico. The Company’s
customers include U.S. and, to a lesser extent, international energy producers, petrochemical, industrial,
power and marine operators. The Corporate headquarter is located in Houston, Texas, with fabrication
facilities located in Houma, Jennings and Lake Charles, Louisiana, and Aransas Pass and Ingleside, Texas.