Integrated Wind : Annual General Meeting 2024 - Proposal from the Nomination Committee

To the Shareholders of INTEGRATED WIND SOLUTIONS ASA

PROPOSAL FROM THE NOMINATION COMMITTEE OF INTEGRATED WIND SOLUTIONS ASA

The Nomination Committee of Integrated Wind Solutions ASA has the following members:

Eric Jacobs, Chair

Henrik A. Christensen, member

The members of the Nomination Committee (the Committee) are appointed to take into account the interests of shareholders in general. The members of the Committee are not members of the Board of Directors. The Committee does not include the Company's Chief Executive Officer or any other executive personnel.

The Committee has been in effect and active since 7 April 2022. The Committee has received an evaluation of the Board's performance and expertise during the year 2023 from the Chair of the Board. According to the Code of Practice for Corporate Governance, the Committee has evaluated the need for changes in the Board's and Committee's composition. The Committee has maintained contact with shareholder groups, members of the Board and the company's executive personnel. The Committee has actively sought to represent the views of shareholders in general and has been able to make use of resources available in the Company and obtain counsel and recommendations from sources outside of the Company.

The Committee has, prior to the announced AGM, received recommendations for new board members. It is the Committee's view that the company is and will be in a growth phase where continuity in the Board of Directors is important for the next period.

Therefore with regard to Integrated Wind Solutions ASA's Annual General Meeting on May 7,

2024 the Committee unanimously proposes the following:

1. The Board of Directors

According to the Company's articles of association, the Board shall have 3-6 members. The present Board of Integrated Wind Solutions ASA consists of Mr. Sigurd E Thorvildsen (Chair), Mrs. Synne Syrrist, Mrs. Cathrine Holmsen Haavind, Mr. Daniel Allen Gold, and Mr. Jens- Julius R. Nygaard. Mrs. Synne Syrrist, Mrs. Cathrine Holmsen Haavind, Mr. Daniel Allen Gold were elected for a two-year period in 2023. Mr. Sigurd E Thorvildsen and Mr. Jens-Julius R. Nygaard were elected for a two-year period in 2022 and are up for re-election in 2024.

Following this, the Nomination Committee recommends that Mr. Sigurd E Thorvildsen and Mr. Jens-Julius R. Nygaard are re-elected for two years.

INTEGRATED WIND SOLUTIONS ASA

Postal address: P.O.Box 1583 Vika, NO-0118 OSLO, Norway | Visiting address: Støperigata 2 Aker Brygge, 0250 OSLO

Telephone: [phone] | Enterprise NO 925 558 745 MVA

2. Nomination Committee

The Nomination Committee consists of Mr. Eric Jacobs (Chair) and Mr. Henrik A. Christensen (member). According to the Company's articles of association the Nomination Committee shall have 2-3 members, who are elected for a period of two years.

Mr. Henrik A. Christensen has asked to step down as a member of the committee, and it is proposed that this is granted.

Mr. Eric Jacobs was elected for a period of two years in 2023. The Committee proposes to elect Katarina Hammar, Head of Corporate Governance at Nordea Funds, as a new member for a period of two years.

3. Remuneration to the Board of Directors

The Committee has reviewed the remuneration to the Board, and proposes the following for the period 7 May, 2024 to 7 May, 2025:

The Chair of the Board:	NOK 450,000.-
Directors:	NOK 350,000.-
Members of Board committees:	NOK 50,000.-

The proposal reflects the Board's responsibilities, competence, use of time and complexity of the business. The proposed remuneration to the Chair is higher than the director's fees due to the additional workload implicit in the position of Chair. The Committee proposes that the directors' fees are to be paid quarterly in advance.

4. Remuneration to the members of the Nomination Committee

The Committee proposes the following remuneration for the period May 7, 2024 to May 7, 2025:

Chair of the Nomination Committee:	NOK 35,000.-
Member of the Nomination Committee:	NOK 30,000.-

_______________________________

Eric Jacobs

Chair of the Nomination Committee