MVW: M Vest Water announces that it has entered into an exclusive Agent Agreement for its market penetration in Saudi Arabia and Kuwait with Energy Support Trading (EST) company.

31 Jul 2024 08:00 CEST

Bergen, Norway, July 31, 2024 – M Vest Water (EURONEXT: MVW) today announces
that MVW has entered into an exclusive Agent Agreement with EST for the sales of
MVW technologies in Saudi Arabia and Kuwait. Duration of the agreement is
throughout 2028. The exclusive Agent Agreement applies for our activities in the
Oil & Gas market and all other water treatment markets in Saudi Arabia and
Kuwait.

Energy Support Trading company was established in 2005 to meet the demanding
needs in the Kingdom of Saudi Arabia for its Oil & Gas and Energy markets. EST
is dedicated to supply Oil & Gas Industries, Energy, Sanitation, Desalination
Sectors, and the General Industries for water treatment. EST has a subsidiary in
Kuwait, and it carries a range of dedicated international reputed principals to
cover all the Saudi and Kuwait areas. The company is a registered supplier to
leading Oil & Gas operators in Saudi Arabia and accesses all major national and
international O&G operators and IPC contractors in these two countries.

“MVW is very pleased to have entered into this Agent Agreement with a well
reputed and connected company in the Middle East, which can access tenders with
all major operators and IPC contractors in these regions. We have two treatment
plants being prepared for startup at the end of this year in Saudi Arabia, and
furthermore active work with two major qualifications in Oman in the near
future, in addition to participation in several tenders in the Middle East. We
believe the signing with EST will provide a substantial sales platform for our
business in the Middle East in the years to come.” comments MVW’s CEO Stein
Giljarhus.


For more information, please contact:

Stein Giljarhus, CEO
stein.giljarhus@mvestwater.com
+47 90 54 08 32

Morten Hilton Thomassen, CFO
mht@mvestwater.com
+47 92 25 85 70



About M Vest Water AS:
M Vest Water is an environmental technology company which has developed unique
products and solutions to the water treatment industry, both Industrial as well
as the Municipal markets. The products are non-toxic, biodegradable and without
any harm to the environment. It obtains the highest degree of purification in a
cost-efficient arrangement.

M Vest Water is listed on Euronext Growth under the ticker MVW. For more
information, visit www.mvestwater.com.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

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