Company Announcement:

Vestas successfully places a EUR 500m Eurobond

Not  to be released, published or distributed in  whole or in part in or into or
to  any person located in or resident  in the United States, its territories and
possessions,  any  state  of  the  United  States  or  the  District of Columbia
(together  the "United States") or any  other jurisdiction in which the release,
publication or distribution of this information would be unlawful.

Aarhus, 4 March 2015
Company announcement No. 11/2015

Following  company  announcement  No.  10/2015 of  20 February 2015, Vestas Wind
Systems  A/S ("Vestas") is pleased  to announce the successful  placing of a new
green corporate Eurobond (the "Bonds").

Bonds for a principal amount of EUR 500m with a seven-year maturity were placed.
The transaction was received very well by the European investors.

"This  green bond allows Vestas to  diversify and optimise its funding structure
in  favour of longer term funding at attractive terms," says Marika Fredriksson,
Executive  Vice President and  CFO of Vestas.  "The bond is  the first corporate
green  bond, issued by  a company dedicated  exclusively to wind  energy, and it
underlines Vestas' strong position as a leader in the renewables industry."

The  Bonds will be issued  on 11 March 2015 with a  coupon of 2.75 per cent. The
Bonds will be repaid on 11 March 2022.

The  Bonds will be listed on the  official list of the Luxembourg Stock Exchange
and admitted to trading on the Luxembourg Stock Exchange's Regulated Market with
initial listing date 11 March 2015. The Bonds will have ISIN code XS1197336263.

The Bonds are issued to diversify Vestas' funding base and to extend the average
debt  maturity profile of Vestas. The net  proceeds of the issue will be applied
by the Vestas Group for general financing and general corporate purposes.

The Bonds were placed by Citigroup Global Markets Limited, HSBC Bank plc, Nordea
Bank  Danmark A/S and  Société Générale Corporate  & Investment Banking as joint
lead  managers and bookrunners, and DNB Markets and UniCredit Bank as joint lead
managers (no books).

For  further description of the  Bonds, please see the  Prospectus which will be
uploaded to the website of the Luxembourg Stock Exchange.

Contact details
Vestas Wind Systems A/S, Denmark

Hans Martin Smith, Senior Vice President, Investor Relations
Tel.: +45 9730 8209

Henrik Guldbæk Welch, Senior Vice President, Group Treasury
Tel.: +45 9730 8205

This  announcement does not constitute or form part of an offer or invitation to
sell  or issue,  or any  solicitation of  an offer  to buy or subscribe for, any
securities  in the United States or any  other jurisdiction nor shall it (or any
part of this announcement) or the fact of its distribution form the basis of, or
be  relied upon in connection with, or act  as any inducement to enter into, any
contract  or commitment. Recipients of this  announcement who intend to purchase
any  securities are reminded that any such purchase or subscription must be made
solely  on the basis of  the information contained in  any final form prospectus
published  in connection  with any  such securities,  and in  such event will be
available  on the  website of  the Luxembourg  Stock Exchange.   The transaction
described  above and the distribution of this announcement and other information
in connection with the transaction in certain jurisdictions may be restricted by
law and persons into whose possession any document or other information referred
to   herein   comes   should  inform  themselves  about  and  observe  any  such
restriction.   Any failure  to comply  with these  restrictions may constitute a
violation of the securities laws of any such jurisdiction.

This  communication is not an offer of securities for sale in the United States,
Australia,  Canada, Japan  or any  other jurisdiction  where to  do so  would be
unlawful.   Vestas Wind Systems A/S (the  "Issuer") has not registered, and does
not intend to register, securities in any of these jurisdictions or to conduct a
public  offering of securities in any of these jurisdictions.  In particular, no
securities  of  the  Issuer  have  been  or  will  be  registered under the U.S.
Securities Act of 1933, as amended (the "Securities Act"), and securities of the
Issuer  may not be offered, sold or delivered within the United States or to, or
for  the account or benefit  of, U.S. persons (as  defined in Regulation S under
the  Securities Act) except pursuant  to an exemption from,  or in a transaction
not  subject  to,  the  registration  requirements  of the Securities Act and in
compliance with any applicable state securities laws.

This  announcement  is  directed  only  at  persons in the United Kingdom having
professional  experience in matters relating to  investments who fall within the
definition  of  "investment  professionals"  in  Article  19(5) of the Financial
Services  and  Markets  Act  2000 (Financial  Promotion) Order 2005 and to those
persons to whom it can otherwise lawfully be distributed.