Vow ASA - Capital/Financing Update 2025

Vow ASA: Covenant waiver obtained

Oslo, 20 August 2025: Reference is made to the stock exchange announcement by

Vow ASA (OSE: VOW) (the "Company") on 15 July 2025 regarding the restatement of

EBITDA in the Q1 2025 report, the expected one-off EBITDA charge in the H1/Q2

2025 accounts and the related breach of the Company's financial covenants under

its loan facilities with DNB.

Following close and constructive dialogue with DNB, the Company has today

obtained a formal waiver for the reporting periods ending on 30.6.2025.

For more information, please contact

Cecilie Brænd Hekneby, CFO, Vow ASA

Tel: +47 992 93 826

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).

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