Vow ASA - Capital/Financing Update 2017

Scanship Holding ASA : Scanship awarded clean ship system contracts by Fincantieri for four NCL newbuilds

Scanship Holding ASA through its subsidiary Scanship AS, has been awarded

contracts by the Italian shipbuilder Fincantieri for the supply of total clean

ship system for the Norwegian Cruise Line new generation newbuilds. The first

newbuild will arrive in 2022 with three more coming in 2023, 2024, and 2025.

Norwegian Cruise Line has the option to order two more for delivery in 2026 and

The Scanship contracts includes delivery of systems for food waste processing,

garbage handling, advanced wastewater purification and bio-residue treatment.

The advanced wastewater systems to be installed, processing all black water and

grey water from accommodation, laundry, galley and foodwaste will be designed

according to the new standard in the Baltic Sea with nutrient removal.

"In our efforts to keep our oceans clean, we are thrilled to work with

Fincantieri on this new class of ships for Norwegian Cruise Line. These ships

will be meeting highest environmental standards worldwide", says CEO Henrik

Badin.

For further queries, please contact:

Henrik Badin - CEO

Scanship Holding ASA

Tel: + 47 90 78 98 25

ABOUT SCANSHIP HOLDING ASA

Scanship is a cruise industry leader in advanced technologies for clean oceans.

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 wastewater

purification system is the only system in operation for large cruise ships which

complies with the new effluent discharge standards for nutrient removal being

enforced from 2019. Our new technologies will recover energy from waste and

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

the highest quality, innovation 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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