Vow ASA: Vow receives settlement for VGM shares and loan repayment

30 Jun 2025 16:48 CEST

Oslo, 30 June 2025 | Vow ASA (OSE: VOW) is pleased to confirm receipt of
settlement for the sale of its shares held in Vow Green Metals AS ("VGM"), and
that the convertible loan to VGM has been repaid in full.

Reference is made to the stock exchange announcement published 16 May 2025,
stating that Vow ASA ("Vow", "the Company") has undertaken to accept the Offer
made by Midas Industri AS ("HitecVision") to acquire all the shares in Vow Green
Metals AS ("VGM").

Today, Vow has received net proceeds of NOK 35.1 million from Midas Industri AS
for the 50,173,890 shares Vow held in VGM at the time of the launch of the
Offer, reflecting the offer price for its shares of NOK 0.70 per share. The net
proceeds have been used for an addition instalment on the term loan in DnB.

Further, the convertible loan of NOK 22.5 million, which was provided to finance
the costs relating to VGM's termination with Obligo, has been repaid in full.
Vow financed the loan to VGM by way of a loan from DNB in the same amount, which
has been settled.

"We congratulate HitecVision with the acquisition of the shares in VGM. VGM
remains an important customer of Vow, and we look forward to continued
collaboration", says Gunnar Pedersen, CEO of Vow.

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

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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