Vow ASA: Secures retrofit contract in cruise

20 Feb 2025 20:18 CET

Oslo, 20 February 2025: Vow ASA (OSE: VOW) subsidiary Scanship AS has won a EUR
3.4 million contract to provide equipment for a cruise ship retrofit in Europe.

The equipment will be delivered to the shipyard in the first quarter 2026. The
work scope may be extended to include installation of the same equipment. This
is being tendered as a separate contract.

"This is a key strategic win as it is our first retrofit project with this
customer. We have worked with them on several newbuild projects in the past and
know them well. They have signalled a comprehensive retrofit programme which we
hope we will be part of," said Henrik Badin, CEO of Vow ASA.

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).

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