DGAP-News

Registration of share capital increase of nominally DKK 20,370,410 completed - Seite 2

offers or sales are unlawful (the 'Excluded Territories'). In particular, the
securities referred to in this announcement have not been, and will not be,
registered under the Securities Act or under the securities legislation of any
state of the United States, and may not be offered, sold, resold or delivered,
directly or indirectly, in or into the United States absent registration except
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act. The securities referred to in
this announcement are being offered and sold only outside the United States in
'offshore transactions' (as defined in Regulation S) meeting the requirements
of Regulation S and may be made within the United States to institutional
investors who are qualified institutional buyers within the meaning of Rule
144A of the Securities Act in transactions that are exempt from, or not subject
to, the registration requirements under the Securities Act. The securities
issued in connection with an offering have not been and will not be registered
under any applicable securities laws of any state, province, territory, county
or jurisdiction of the Excluded Territories. Accordingly, unless an exemption
under relevant securities laws is applicable, any such securities may not be
offered, sold, resold, taken up, exercised, renounced, transferred, delivered
or distributed, directly or indirectly, in or into the Excluded Territories or
any other jurisdiction if to do so would constitute a violation of the relevant
laws of, or require registration of such securities in, the relevant
jurisdiction. There will be no public offer of securities in the United States
or any Excluded Territory.

This document constitutes an announcement and is not a prospectus in relation
to Directive 2003/71/EC, as amended (the directive and any measures
implementing the directive in the relevant member state shall be referred to as
the 'Prospectus Directive'). The content of Vestas' website accessible by
hyperlinks on the company's website neither is incorporated in, nor forms part
of, this document. No offer document or prospectus for approval by any
legislative or other applicable authority will be published in connection with
the offering.

In any EEA member state that has implemented the Prospectus Directive this
document is solely addressed to and directed at 'qualified investors', as
defined in the Prospectus Directive, Article 2(1)(e), in the member state in