Vow ASA - Capital/Financing Update 2024

Vow ASA: Vow receives payment for Early Production Line at VGM's Hønefoss plant

Vow ASA (OSE: VOW) is pleased to note that its customer Vow Green Metals (VGM)

today confirmed that it has secured lease financing with SpareBank 1 SR-Bank

(SR-Bank) for its Early Production Line at Hønefoss.

With the leasing arrangement confirmed, Vow will receive payment for its

deliveries to the Early Production Line, and free up in excess of NOK 40 million

in cash in the second quarter this year. Working capital will be reduced with a

similar amount.

As previously informed, the Early Production Line has the capacity to produce

2,500 tonnes of biocarbon per year. First biocarbon was produced in November

2023, and the plant is currently in the process of ramping up production.

For more information, please contact:

Henrik Badin, CEO, Vow ASA

Tel: +47 90 78 98 25

Tina Tønnessen, CFO, Vow ASA

Tel: +47 406 39 556

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 recycling. 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 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).

The information is such that Vow ASA is required to disclose in accordance with

the EU Market Abuse Regulation. This information is subject of the disclosure

requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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