Vow ASA — Environmental & Social Information 2021

Dec 17, 2021

Vow ASA: Vow wins another retrofit contract

Vow ASA: Vow wins another retrofit contract

Vow ASA ("Vow") has through its subsidiary Scanship been awarded a USD 1.6

million retrofit contract with Royal Caribbean Group. This is the second

retrofit contract announced by Vow in less than two weeks.

The most recent contract involves upgrading of the advanced wastewater

purification (AWP) systems on board Royal Caribbean Group's "Voyager of the

Seas" cruise ship. In the years between 2010-2013, Scanship was involved in

retrofitting a complete AWP system on the same vessel and on the other vessels

in Voyager class.

With this new upgrade, the "Voyager of the Seas" will be featuring ship systems

of a new and higher standard, with a capacity of processing all wastewater

generated from up to 5,020 people on board.

"The contract demonstrates the versatility of our advanced wastewater

purification systems for larger cruise ships, and that our systems can easily be

upgraded to future standards," said Henrik Badin, CEO of Vow ASA.

The delivery of process equipment and onboard installation is scheduled to take

place in early 2022, partly in drydock and partly during regular cruise

operations thereafter. When installed and operational, the cruise ship will meet

the highest environmental standard at sea in line with the IMO Marpol MEPC

227(64) including chapter 4.2 with nutrient removal.

"We are honoured and grateful that Royal Caribbean Group again has decided to

work with us. It is one of several retrofits that we have undertaken for this

shipowner during the past few years and confirms Royal Caribbean Group's

commitment to the environment in a period where the industry is resuming their

operations. Together we work for cleaner oceans," said Badin.

For more information, please contact

Henrik Badin, CEO, Vow ASA

Tel: + 47 90 78 98 25

Email: henrik.badin@vowasa.com

Erik Magelssen, CFO, Vow ASA

Tel: +47 928 88 728

Email: erik.magelssen@vowasa.com

About Vow

In Vow and our subsidiaries Scanship and Etia we are passionate about preventing

pollution. Our world leading solutions convert biomass and waste into valuable

resources and generate clean energy for a wide range of industries.

Cruise ships on every ocean have Vow technology inside which processes waste and

purifies wastewater. Fish farmers are adopting similar solutions, and public

utilities and industries use our solutions for sludge processing, waste

management and biogas production on land.

Our ambitions go further than this. With our advanced technologies and

solutions, we turn waste into biogenetic fuels to help decarbonize industry and

convert plastic waste into fuel, clean energy, and high-value pyro carbon.

Our solutions are scalable, standardized, patented, and thoroughly documented,

and our capability to deliver is well proven. They are key to end waste and stop

pollution.

Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange

(ticker VOW from 13 January 2020).

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.