25.07.03

25.7.2003: Meldung: Quarterly statement for Insider"s holding of Vestas shares

Vestas Wind Systems A/S" quarterly statement for Insider"s holding of Vestas shares as per 23 July 2003:
In accordance with Section 37 of the Danish Securities trading Act, Vestas Wind Systems A/S hereby provides a quarterly statement for Insiders" and their intimates" holding of Vestas shares. The quarterly statement is based on information reported by Insiders to Vestas (securities code DK 000001026860).

Holding of shares Market value (DKK)
The Board of Director"s holding 92,873 8,683,626
The Board of Management"s holding 121,050 11,318,175
The Insiders" total holding 296,046 27,680,301
The market value is calculated based on the closing price of Vestas shares on the Copenhagen Stock Exchange on 23 July 2003 (share price DKK 93.50).

Any questions may be addressed to the Board of Management at Vestas Wind Systems
A/S, phone +45 96 752575.
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