Nexans signs Empire Wind contract to bring renewable energy to New York

• Nexans receives final order from Equinor/bp joint venture for U.S offshore wind export cables turnkey contract for Empire Wind 1.
• The project is part of the larger Empire Wind offshore wind farm that will generate enough renewable energy to energize over one million homes in New York State. Over 500,000 of those homes will be powered by the cables from this contract for Empire Wind 1.
• Equinor and bp’s Empire Wind 1 project is a significant achievement that anticipates the State's growing need for energy and contributes to its carbon reduction roadmap. The cables will be manufactured at Nexans’ facilities in Charleston, South Carolina, and Halden, Norway and will also be installed by Nexans.

Paris, October 6, 2022 - Nexans, a global organization and key driver for the world’s transition to a more connected and sustainable future, today announced the execution of a significant contract for phase one of the Empire Wind Project being developed by a 50-50 partnership between Equinor and bp. This signature follows the Preferred Supplier Agreement signed in March 2021 which prompted several months of collaborative work to negotiate a turnkey contract, covering the design and manufacturing, as well as the laying and protection of export cables for the project. The Empire Wind lease area for the first phase of the overall 2.1 gigawatt project is located about 20 miles (33km) south of Long Island and east of the Rockaways. Nexans will install the export cables over 93 miles (150km) from the offshore substation for Empire Wind 1 to landfall at South Brooklyn Marine Terminal.

The Empire Wind 1 project, when completed, will deliver electricity to over 500,000 homes of the eventual over 1 million homes that will be powered by the entire Empire Wind project. Christopher Guérin, CEO of Nexans, said: “New York is one of the most aggressive states in the U.S. in terms of committing itself to create a fully carbon-free statewide economy, and offshore wind energy will likely be the main source of electricity for the state by 2035.

Signing the contract for Empire Wind 1 further establishes Nexans as a major player in renewable energy in the United States, and will alleviate added pressures on the state’s electrical grids. We look forward to continuing our relationships with Equinor and bp as we work together to electrify the future.”

JonesTrading welcomes Hans Vitzthum as Managing Director, Business

Development

• JonesTrading is pleased to announce the appointment of Hans Vitzthum as Managing Director, Business Development
• Mr. Vitzthum brings decades of experience to the role spanning institutional sales, equity research management, capital markets, and investor relations
• This strategically critical role is representative of JonesTrading’s continued commitment to excellence and to driving its business forward

Los Angeles New York, April 3, 2024 - JonesTrading, a leading global broker dealer and investment bank, announces the appointment of Hans Vitzthum as Managing Director, Business Development effective March 26, 2024.

Mr. Vitzthum brings three decades of experience spanning institutional sales, research management, capital markets, and investor relations to this newly created role. Over the course of his career, he has developed and maintained strong client relationships and driven revenue growth across multiple organizations.

Most recently, Vitzthum served as Managing Director and Partner at LifeSci Partners, providing capital markets and investor relations advisory to biotherapeutics companies and serving as the Chief Operating Officer of LifeSci Advisors.

“I am happy to welcome Hans Vitzthum to our team,” said Alan Hill, CEO of JonesTrading. “His experience in institutional equities and investor relations showcases a strong track record of leadership and expertise that will greatly benefit JonesTrading. We are confident that his strategic insights and dedication will contribute significantly to our continued success and growth in the market.”

“JonesTrading is changing the way institutional investors do business in a fast paced and ever- changing environment,” said Vitzthum, “I’m looking forward to building on the momentum already established and collaborating with the talented team here to drive even greater value for our partners.”

Nexans finalizes expansion of world-class subsea cable facility in Norway to

address global demand

• Nexans has officially opened the newly expanded section of its high voltage subsea cable plant in Halden, Norway to support the increased demand globally for electrification and the energy transition.
• Nexans’ investment created more than 100 jobs and will be able to deliver 525kV HVDC and 420kV HVAC subsea cables.
• The plant incorporates the most advanced cable production technology to date and features a second extrusion tower which will allow the plant to insulate four cables simultaneously in addition to the two existing lines - the tallest building in Norway and the country’s first skyscraper.