The successful bidder of this tender has entered into a transfer agreement for the purchase of offshore

transmission assets constructed by the developer to maintain and operate the assets in accordance with

the offshore transmission licence and relevant industry codes, standards and agreements. In addition to

being granted the offshore transmission licence, the successful bidder has been required to enter into a

range of agreements with the generator, any relevant distribution network owners and the National

Electricity Transmission System Operator.

Grant of a 25 year offshore transmission licence for the Hornsea One project