Vow ASA - Board/Management Information 2016

Scanship Holding ASA : Appoints Erik Magelssen as new CFO

We are pleased to announce that Erik Magelssen has been appointed Scanship's new

Chief Financial Officer (CFO). Magelssen will report to Henrik Badin, CEO, and

will assume the role no later than 1 March 2017.

Magelssen's previous job experience includes Finance Manager at Wilh. Wilhelmsen

ASA, CFO at Kongsberg Automotive Holding ASA and CFO at Via Egencia AS (VIA

Travel Group).

Magelssen is educated from Heriot Watt University, Norwegian School of Economics

(NHH) and Harvard Business School.

For further queries, please contact:

Henrik Badin - CEO

Tel: +47 90 78 98 25

ABOUT SCANSHIP HOLDING ASA

Scanship is an industry leader in advanced technologies for processing waste and

purifying water within the maritime industry. Owners of vessels operating our

systems have the solutions to convert all waste and wastewater to inert

materials, recyclables, clean flue gas and effluent, which meets the highest

international discharge standards. Our new technologies will recover water and

produce energy, providing tangible payback from the operations. We strive for

the highest quality, innovative and sustainable solutions.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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