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Vow ASA Earnings Release 2018

Nov 5, 2018

3785_iss_2018-11-05_edab7153-6bd6-4504-897e-3946dd014a59.html

Earnings Release

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Scanship Holding ASA : Operational update - Strong performance in third quarter

Scanship Holding ASA : Operational update - Strong performance in third quarter

Scanship records strongest results ever with third quarter 2018 revenues of NOK

80.1 million and EBITDA of NOK 10.7 million. Accumulated revenues ended at NOK

226.6 million with EBITDA of NOK 27.0 million.

"We are very pleased with our performance, and it shows that our focus on

improving our client's environmental sustainability impact by delivering

technology for cleaner oceans really pays off. We are delivering stronger on all

fronts with higher revenues, improved margins and winning grounds both in cruise

newbuilding, cruise retrofits and in aquaculture. We are in a good position to

grow this business further", says Henrik Badin, CEO of Scanship Holding ASA

(Scanship).

See enclosed Operational update 3Q 2018 with further details.

For further queries, please contact:

Henrik Badin - CEO                                Erik Magelssen - CFO

Scanship Holding ASA                           Scanship Holding ASA

Tel: +47 90 78 98 25                             + 47 928 88 728

Email: [email protected]           [email protected]

ABOUT SCANSHIP HOLDING ASA

Scanship delivers world leading solutions for cleaner oceans in the Cruise and

Aquaculture industries. Scanship provides advanced technologies for processing

waste and purifying wastewater. Owners operating Scanship systems have the

solution to convert all waste and wastewater into clean energy and purified

water which meets the highest international discharge standards. Any residuals

from the Scanship processes can be recovered for reuse.

This information is subject to the disclosure requirements pursuant to

section 5-12 of the Norwegian Securities Trading Act.

Attachment

* SSHIP - Operational update 3Q 2018 (https://prlibrary-

eu.nasdaq.com/Resource/Download/a9423a91-b9f0-4b60-98b9-6ce155967c02)