Vow ASA: New cruise newbuild order confirmed, additional option remains

26 Sep 2025 17:32 CEST

Oslo, 26 September 2025: Vow ASA (ticker OSE: VOW) and its subsidiary Scanship
has received a purchase order from a major European shipyard worth EUR 11.3
million. Deliveries starting mid-June 2026 and throughout 2027.

This order was first mentioned as an option in a stock market announcement on 8
February 2024. Under the agreement, the customer retains an option to order
similar equipment for one additional vessel at a later stage.

"Through this contract, we continue our cooperation with shipyards and owners,
delivering the fifth vessel in a series of newbuilds, to be fully equipped with
our advanced systems, and reinforcing our commitment to reliable and sustainable
solutions," says Gunnar Pedersen, CEO of Vow ASA.

With Scanship technology onboard, all wastewater on the ships will be purified
according to the requirements in the Baltic Sea and Alaskan State waters, which
are to date the highest standards at sea. All residue sludge from the
wastewater, along with food waste and other biogenic waste from hotel
operations, will undergo several processing steps such as dewatering,
homogenization, thermal hydrolysis, drying, and pyrolysis.

The end products are climate neutral energy and carbon for capture and storage
(CCS). The waste management system further enhances the abord circular economy,
recovering valuable commodities such as glass and aluminum for landing.

The state-of-the-art system is a fully integrated clean ship solution for more
than 10,000 people at sea, ensuring compliance with all maritime environmental
requirements, reducing greenhouse gas emissions, recovering important resources
from waste, and preventing pollution.


For more information, please contact:

Gunnar Pedersen, CEO, Vow ASA

Tel: +47 916 30 304

Email: gunnar.pedersen@vowasa.com (mailto:gunnar.pedersen@vowasa.com)


Cecilie Brænd Hekneby, CFO, Vow ASA

Tel: +47 992 93 826

Email: cecilie.hekneby@vowasa.com (mailto:cecilie.hekneby@vowasa.com)


This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and subject to the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act. This stock exchange notice
was published by Cecilie Brænd Hekneby, CFO, on the date and time as set out in
the release.


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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