Vow ASA: Covenant waiver obtained

20 Aug 2025 10:56 CEST

Oslo, 20 August 2025: Reference is made to the stock exchange announcement by
Vow ASA (OSE: VOW) (the "Company") on 15 July 2025 regarding the restatement of
EBITDA in the Q1 2025 report, the expected one-off EBITDA charge in the H1/Q2
2025 accounts and the related breach of the Company's financial covenants under
its loan facilities with DNB.

Following close and constructive dialogue with DNB, the Company has today
obtained a formal waiver for the reporting periods ending on 30.6.2025.

For more information, please contact
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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