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Penta-Ocean Construction Co., Ltd.
Takuzo Shimizu, President, CEO and Representative Director

Tokyo, Japan - March 30, 2026 - Penta-Ocean Construction (President Takuzo Shimizu, hereinafter POC) hereby announces that we obtained a loan from the Japan Railway Construction, Transport and Technology Agency (hereinafter, JRTT) for constructing a cable laying vessel (hereinafter, CLV) which will be used for offshore wind construction.

The loan was granted pursuant to the accreditation by the Ministry of Land, Infrastructure, Transport and Tourism that the HLV construction qualifies as an applicable project under the Act on Advancement of Integration and Streamlining of Distribution Business (the Comprehensive Logistics Efficiency Act).
The accreditation recognizes that the use of a self-propelled CLV mounted with large cable storage carousels, which is widely adopted in the European market, will address various issues. Compared to construction by conventional barge-type vessels, the CLV significantly improves transportation efficiency and vessel utilization rate while lowering the environmental footprint.
As the loan is provided under the framework of the Fiscal Investment and Loan Program, which is primarily funded by government-issued FILP bonds, we were able to secure long-term and low-interest funding.
This is the second loan from the JRTT under the same scheme, following the financing obtained in March 2025 for construction of the Heavy Lift Vessel (HLV).

Terms of the Loan

(Reference) Outline of the CLV

In order to expand our business from offshore wind turbine construction to power cable laying, we will build one of the world’s largest and most advanced CLVs, eyeing future offshore wind power construction in the EEZ as well as in the general sea areas. The CLV is capable of laying and burying not only cables for bottom-fixed offshore wind turbines but also for floating-type offshore wind turbines, as well as submarine direct current power transmission cables.