M Vest Water AS — M&A Activity 2021

Sep 30, 2021

M Vest Water AS has signed a global Business Distribution Agreement with Dryden Aqua

M Vest Water AS has signed a global Business Distribution Agreement with Dryden Aqua

Bergen, Norway – 30 September 2021:

M Vest Water (MVW) and Dryden Aqua (Dryden) has signed a Business Distribution agreement consisting of the following key elements:

1)MVW is assigned as Distributor in the territory of Norway for the product AFM® (Activated Filter Media) in

all water treatment applications.

2)MVW is also appointed as a Distributor of AFM® globally in all water treatment markets where AFM® is used

as an integrated filter media in MVW proprietary NORWAPOL filter process/equipment. NORWAPOL is a cost-effective innovative solution that can filter out a large number of dissolved components including toxic and harmful micropollutants like hormones, PFOS, PFAS, phenols, phosphorus, heavy metals, and many more from wastewater.

Dryden Aqua is the leading manufacturer of glass filtration media (AFM®). This advanced media is the preferred technology for filtration in MVW patented NORWAPOL processes and enables a filter unit concept which disruptively positions NORWAPOL as a cost-efficient substitute for expensive activated carbon filtration, ozonation and membrane filtration.

It is also a field proven, substantially more efficient solution to remove oil, particles and other contaminants from water compared to existing technologies (e.g. walnut shell filters).

By entering into this agreement, MVW is uniquely positioned to launch the cutting-edge NORWAPOL process in the global multibillion filtration market in which Dryden is an established player.

Combining NORWAFLOC and AFM® in the MVW patented NORWAPOL process further strengthens our position and competitive advantage in the global water treatment market, enabling us to meet our client’s challenges with an innovative, cost-efficient and effective solution.

For further information, please contact:

Stein Giljarhus, CEO, stein.giljarhus@mvestwater.com, +47 90 54 08 32

About M Vest Water AS:

M Vest Water has developed unique products and solutions for the water treatment industry, including the industrial as well as the municipal markets. Uniquely, our products are non-toxic and biodegradable and does not harm the environment, obtaining the highest degree of purification in a cost-efficient arrangement.

M Vest Water is listed on Euronext Growth Oslo under the ticker MVW. For more information, visit www.mvestwater.com.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.