Vow ASA

Regulatory Filings • Nov 26, 2025

Vow ASA: Contract of EUR 13.8 million awarded for equipment deliveries to four cruise newbuilds, additional six options to be called upon

Vow ASA: Contract of EUR 13.8 million awarded for equipment deliveries to four cruise newbuilds, additional six options to be called upon

Oslo, 26 November 2025: Vow ASA (ticker OSE: VOW) and its subsidiary Scanship

have received a purchase order from a major European shipyard of EUR 13.8

million. Equipment deliveries will start in July 2026 for the first vessel and

continue throughout 2028.

This order, which is a continuation of series of vessels with existing platforms

and two vessel deliveries expected per year, will have its first vessel in

operation at the end of 2028. Deliveries of equipment to four firm vessels are

agreed. Under the agreement, the customer retains an option to order similar

equipment for another six vessels at a later stage with equipment deliveries

stretching to 2032. The six options have a total value of EUR 22 million.

"Through this contract, we continue our long-standing cooperation with the

shipyard and the cruise line. The vessels will be fully equipped with Scanship

systems, reinforcing our joint commitment to reliable and sustainable

solutions," says Gunnar Pedersen, CEO of Vow ASA.

With Scanship technology onboard, all wastewater on the ships will be purified

according to the requirements in the Baltic Sea and Alaskan State waters, which

are to date the highest standards at sea. All residue sludge from the

wastewater, along with food waste and other biogenic waste from hotel

operations, will undergo several processing steps such as dewatering,

homogenization, drying, and incineration.

The waste management system further enhances the abord circular economy,

recovering valuable commodities such as glass and aluminum for landing.

Scanship's integrated clean ship solutions are designed to ensure compliance

with all maritime environmental requirements, reducing greenhouse gas emissions,

recovering important resources from waste, and preventing pollution.

For more information, please contact:

Gunnar Pedersen, CEO, Vow ASA

Tel: +47 916 30 304

Email: gunnar.pedersen@vowasa.com

Cecilie Brænd Hekneby, CFO, Vow ASA

Tel: +47 992 93 826

Email: cecilie.hekneby@vowasa.com

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and subject to the disclosure requirements pursuant to

section 5-12 of the Norwegian Securities Trading Act. This stock exchange notice

was published by Cecilie Brænd Hekneby, CFO, on the date and time as set out in

the release.

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).