News release from Vestas Wind Systems A/S 24 October 2014 Vestas welcomes EU decision on a 27 per cent renewable energy target EU agreement on 2030 energy and climate targets provides the policy clarity and market stability industry needs. Greater use of domestic renewable energy sources will reduce Europe’s dependence on imported fuels, which in turn will help insulate the EU against fuel price volatility and increase the EU’s security of energy supply. Wind turbines, for example, use an abundant carbon-free resource, and once a wind farm is built, its operating costs are low, predictable and stable for up to 25 years. The energy and climate targets provide policy clarity and market stability, which enables further industrialization, technological developments and cost reductions. In other words, the EU agreement will help industry to continuously lower the cost of renewable energy. “The 27 per cent EU-level renewable energy target demonstrates a continued commitment to renewables in the EU,” says Vestas CEO Anders Runevad. “And we acknowledge the Danish policy leadership that helped to secure this outcome. In the absence of national binding targets, however, it is essential that a reliable governance system is developed to give confidence to investors that the target is truly binding.” For more information, please contact: Michael Zarin, Head of External Communications & Media Relations Tel: +45 4084 1526 Email: [email protected] About Vestas Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 62 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy. We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:  www.twitter.com/vestas  www.linkedin.com/company/vestas  www.facebook.com/vestas  https://plus.google.com/+vestas Vestas Wind Systems A/S Hedeager 44, 8200 Aarhus N, Denmark Tel: +45 9730 0000, Fax: +45 9730 0001, [email protected], www.vestas.com Bank: Nordea Bank Danmark A/S, Reg. No.: 2100, Account No.: DKK 0651 117097 - EUR 5005 677997 Company Reg. No.: 10 40 37 82 Company Reg. Name: Vestas Wind Systems A/S