Sale of NORWAPOL® to a large Norwegian Oil Terminal

10 Jul 2025 10:12 CEST

Bergen, Norway, July 10, 2025 -- M Vest Water (EURONEXT: MVW) today announces
the sale of a NORWAPOL® retrofit to replace sand filtration at a large
Norwegian oil terminal. This marks the second NORWAPOL® retrofit ordered by
the client, under which another sand filter at the oil terminal will be
converted into a NORWAPOL® unit for treating produced water.

A repeat order from the same client, following two years of successful
operation with their first NORWAPOL® system, serves as a strong reference for
both the technology and MVW.

The sale includes our patented polishing process NORWAPOL®, where NORWAFLOC®
is added prior to the automatic backwash media filtration vessel. It also
involves replacing the incumbent sand filtration with the innovative activated
filter media AFM®, significantly enhancing filtration performance.

NORWAPOL® is a patented process technology developed by MVW. It uses
NORWAFLOC®, MVW's proprietary and environmentally friendly bio-flocculant,
which is added to wastewater to enable the subsequent removal of pollutants in
the NORWAPOL® filter.

"We are pleased that our client has chosen to implement our NORWAPOL® solution
at a second water stream. The sale reflects the growing interest within the
oil and gas industry for effective, yet environmentally friendly and
sustainable solutions, that enable significant reductions in harmful
discharges to nature. The sale also highlights the expanding footprint of our
NORWAPOL® technology in the oil and gas sector. This is a valuable reference
for MVW, as we are currently engaged in several qualification processes to
expand the global adoption of NORWAPOL® over the summer", says Executive
Chairman, Mr. Tor Olav Gabrielsen.

Contact
For further information, please contact:

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

About Us
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 has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2025-07-10 10:12 CEST.

More information:
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