Vow ASA — Board/Management Information 2023

Mar 29, 2023

Vow ASA: Vow appoints Tina Tønnessen as new CFO

Vow ASA: Vow appoints Tina Tønnessen as new CFO

Vow ASA's (OSE: VOW) has appointed Tina Tønnessen Chief Financial Officer (CFO)

effective as of 1 May 2023, following current CFO Erik Magelssen's decision to

leave the company to pursue new opportunities.

Tina Tønnessen joins Vow from DNB, Norway's largest bank, where she has worked

in corporate banking, and most recently in DNB Markets' Investment Banking

Division. Prior to joining DNB, she was an auditor in KPMG. A Norwegian citizen

and Certified European Financial Analyst (CEFA), she has a master's degree in

Business Analysis and Performance Management from the Norwegian School of

Economics (NHH).

"It is with great pleasure that I welcome Tina to our team. Her background from

finance and corporate banking is highly relevant for Vow as we continue to build

our business and expand the collective competence of our team. I have also

learnt that she shares our passion to eliminate pollution, enhance circularity,

and mitigate climate change, making her a perfect fit for Vow," said Henrik

Badin, Chief Executive Officer of Vow ASA.

"I am honoured and grateful to be joining Vow and look forward to being part of

the company's success. Vow plays an important role as the company's customers

reinvents themselves and their business models, freeing themselves from fossil

carbon, and finding ways to convert waste into valuable raw materials," said

Tina Tønnessen.

Securing an orderly transition

Magelssen will remain part of the Vow team until the end of June 2023, ensuring

an orderly transition to his successor. He joined Vow in January 2017 and has

been instrumental in the company's development since then.

"It has been a great time. Together we have seen our company contributing

significantly to cleaner oceans and more climate-friendly landbased industries

and growing nearly four-fold in revenues. I will remain grateful for his support

and wish him all the best in his new role," said Henrik Badin.

"Vow is an outstanding company with a strong and dedicated team of people, so

this was not an easy decision to make. It has been fantastic to be part of this

strong growth journey, and I will miss the employees and the challenging work

tasks. I am very grateful for having been part of the Vow team for so long and

look forward to seeing Vow continue its positive development in the years to

come", says Erik Magelssen.

Other changes to the executive management

Vow has recently made several other changes in the management, including the

promotion of Malena Morsbach to the position as Chief of Staff and Per Carlsson

as Chief Development Officer. They have been with Vow since May 2022 and August

2021 respectively.

From 1 May 2023, the company's Executive Management Board comprises the

following.

Henrik Badin, Chief Executive Officer

Tina Tønnessen, Chief Financial Officer

Jonny Hansen, Chief Operating Officer

Malena Morsbach, Chief of Staff

Per Carlsson, Chief Development Officer

For more information, please contact:

Henrik Badin, CEO, Vow ASA

Tel: + 47 90 78 98 25

Email: henrik.badin@vowasa.com

Erik Magelssen, CFO, Vow ASA

Tel: +47 928 88 728

Email: erik.magelssen@vowasa.com

About Vow

Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about

preventing pollution. The company's world leading solutions convert biomass and

waste into valuable resources and generate clean energy for a wide range of

industries.

Advanced technologies and solutions from Vow enable industry decarbonisation and

material recovery. Biomass, sewage sludge, plastic waste and end-of-life tyres

can be converted into clean energy, low carbon fuels and renewable carbon that

replace natural gas, petroleum products and fossil carbon. The solutions are

scalable, standardised, patented, and thoroughly documented, and the company's

capability to deliver is well proven.

The company is a cruise market leader in wastewater purification and

valorisation of waste. It provides technology and solutions which enable

industries to transition towards a fossil-free future by converting biomass and

waste into valuable resources and clean energy. The company also has strong

niche positions in food safety and robotics, and in heat-intensive industries

with a strong decarbonising agenda.

Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange

(ticker VOW).

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.