Vow ASA — M&A Activity 2025

Jan 31, 2025

Vow ASA: NOK 500 million newbuild contract confirmed

Vow ASA: NOK 500 million newbuild contract confirmed

Oslo, 31 January 2025: Vow ASA (ticker OSE: VOW) and its subsidiary Scanship has

received the purchase orders confirming the contract to deliver advanced

equipment to three cruise ships currently under order at an unnamed shipyard in

Europe.

The total value of the order, which was first mentioned by Vow in a stock market

announcement on 3 December 2024, is approximately NOK 500 million.

"This contract confirms the trend among cruise operators to advance even more

sustainable solutions. For these three ships, we will deliver pyrolysis

technology, wastewater purification systems and solutions that valorise waste

and generate renewable energy onboard, resulting in zero discharge to sea,

recovery of valuable resources from waste and reduced carbon footprint," said

Henrik Badin, CEO of Vow ASA.

The names of the yard and ultimate owner of the vessels will remain undisclosed

at this stage.

For more information, please contact

Henrik Badin, CEO, Vow ASA

Tel: + 47 90 78 98 25

Email: henrik.badin@vowasa.com

Tina Tønnessen, CFO, Vow ASA

Tel: +47 406 39 556

Email: tina.tonnessen@vowasa.com

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).