M Vest Water: MVW has signed a substantial Frame & Cooperation Agreement with major dredging contractors in Germany.

06 Dec 2024 13:16 CET

Bergen, Norway, December 06, 2024 – M Vest Water (EURONEXT: MVW) today, with
reference to the previous notification on August 12th, 2025, of a major
technological breakthrough in the dredging sludge dewatering, announces it has
been awarded a substantial long-term Frame and Cooperation Agreement for the
supply of NORWAFLOC® and services to major dredging contractors in Germany.

MVW has today signed a 5-year Frame and Cooperation Agreement with VEBIRO GmbH
and VEBIRO West GmbH in Germany. The agreement includes a 2-year exclusive
implementation period for the supply of NORWAFLOC® in their operating units for
the market Shallow Dredging sludge dewatering in Germany. In addition to
dredging sludge dewatering, VEBIRO West is active in Scandinavia and Central
Europe in the dewatering of mineral sludge from tunneling and sand and gravel
washing. MVW will also supply VIBERO with NORWAFLOC® in these large markets.

MVW and VEBIRO will jointly implement, promote and market NORWAFLOC® as the
first known natural and biodegradable product that can replace synthetic
polymers in these dewatering applications.

VEBIRO GmbH and VEBIRO West GmbH operate 20 mobile dredging units in Germany and
are leading contractors in Shallow Dredging in Germany. The Frame and
Cooperation Agreement has a potential value of 50 MNOK to 125 MNOK over the
duration of the agreement.

“We are very pleased that VEBIRO GmbH, which has supported us over time by
providing access to their plants for developing and fully qualifying our natural
breakthrough solution, has now decided to implement this innovative NORWAFLOC®
product in both their VEBIRO and VEBIRO West operations. The global market
potential in dredging sludge dewatering is substantial and growing, and this
signing is a commercial milestone and proof of concept for our solutions in this
market,” says Tor Olav Gabrielsen, Executive Chairman at MVW.



For further information, please contact:

Tor Olav Gabrielsen, Executive Chairman
+47 924 08 607

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 constitutes inside information pursuant to article 7 in the EU
Market Abuse Regulation and is subject to disclosure requirements pursuant to
section 5-12 the Norwegian Securities Trading Act.

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