Eneti Inc. Announces Contract Awards for Seajacks

Monaco - Jan 24, 2023

Eneti Inc. (NYSE:NETI) (the "Company") announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company, has signed two new contracts in NW Europe for between 75 and 102 days of employment for one of its NG2500-class vessels that will generate between approximately $5.7 million and $7.1 million of revenue in 2023.

Furthermore, additional extensions were negotiated for another NG2500-class vessel which will generate an additional EUR 2.9 million of revenue.

In addition, an existing contract for its NG14000X-class vessel has been extended which has generated an additional EUR2.6 million of revenue.

Emanuele A. Lauro, Chairman and CEO, commented "The higher rates achieved for our NG2500-class vessels reflect the rising demand for these assets, and the evolution from seasonal employment to year-round opportunities."

About Eneti Inc.
Eneti Inc. is a leading provider of installation and maintenance vessels to the offshore wind sector and has invested in the next generation of wind turbine installation vessels.

The Company is listed on the New York Stock Exchange under the ticker symbol NETI. Additional information about the Company is available on the Company's website: www.eneti-inc.com.

Eneti Inc. press release