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NKT Company Announcement 29 September 2026 Announcement No. 13 NKT reaffirms strategic direction and presents capital allocation priorities at Investor Day 2026 Today , NKT hosts Investor Day 2026 in Karlskrona , Sweden , providing additional insights into the execution of its Charging Forward strategy and presents capital allocation priorities to support long - term value creation . Since launching Charging Forward in 2025 , NKT has continued the strategy execution to strengthen its position as a leading pure - play power cable systems provider . Building on its leading position in Europe and capturing opportunities globally , NKT is focused on ensuring long - term sustainable competitiveness through the strategic pillars Execute , Excel and Evolve . Investor Day 2026 provides further insight into how the strategy supports long - term profitable growth , cash generation and value creation . - Today , we reaffirm the strategic direction and medium - term ambitions set out with Charging Forward . The fundamentals supporting the electrification of societies remain strong , and NKT is well positioned to create value from its leading market position as a pure - play power cable systems provider . As our cash generation capabilities are expected to increase in the coming years , the capital allocation priorities presented today provides a clear framework for balancing growth investments , financial strength and shareholder distribution , says Claes Westerlind , President and CEO of NKT . During the investor day , NKT provides additional details on the path towards these ambitions , including the importance of continued excellence in execution of its EUR 2bn investment programme , cash generation and capital discipline . NKT also provides an update on the expansion in Karlskrona , Sweden , which will make the site the world's largest offshore power cable factory . Commercial operation is now expected to commence in Q2 2027 , slightly ahead of the original plan , supporting the execution of the Transmission order backlog and the delivery of NKT's financial ambitions for 2030 . The medium - term financial ambitions communicated in Company Announcement No. 25 of 19 November 2025 remain unchanged . Capital allocation priorities Cash generation capabilities are expected to increase over the coming years , supported by the execution of the company's order backlog and completion of major investment projects . Therefore , NKT presents its capital allocation priorities supporting the company's strategic development while maintaining financial flexibility and creating long - term shareholder value . NKT will allocate capital by fulfilling four priorities : 1 ) Maintain a robust balance sheet with a financial leverage , net interest - bearing debt to operational EBITDA below Ox . 2 ) Allocate capital to value - enhancing investments through organic growth initiatives and strategically aligned , value - accretive acquisitions . 3 ) Pay dividends to shareholders with a minimum annual distribution of 20 % of adjusted net profit and an ambition to keep a stable dividend per share . NKT A / S Amerika Plads 29 2100 Copenhagen Denmark T : +45 43 48 20 00 www.nkt.com CVR 62725214 12 1/2