Vow ASA — Earnings Release 2019

Oct 22, 2019

Scanship Holding ASA : Operational update - Continued profitable growth, and completion of ETIA transaction

Scanship Holding ASA : Operational update - Continued profitable growth, and completion of ETIA transaction

Scanship continues the result improvements with third quarter revenues of MNOK

88.5 (80.1), a growth of 10 %, and EBITDA of MNOK 12.2 (10.7), a growth of 14 %.

The Order backlog was recorded at MNOK 644 (MNOK 485), a growth of 33 % compared

to same period last year. The transaction to acquire ETIA Ecotechnologies

("ETIA") was completed on 15 October.

See enclosed Operational update 3Q 2019 with further details.

Scanship will present its 3Q 2019 Operational update at hrs. 12.00 at MESH in

Tordenskioldsgate 3, and a light lunch will be served. Please notify Scanship by

e-mail to attend to: erik.magelssen@scanship.no,

(mailto:erik.magelssen@scanship.no,) or cell + 47 928 88 728.

For further queries, please contact:

Henrik Badin - CEO

Scanship Holding ASA

Tel: +47 90 78 98 25

Email: henrik.badin@scanship.no

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.