Vow: Contract of EUR 7,2 million awarded for equipment deliveries to two newbuild cruise vessels

08 Jul 2026 09:07 CEST

Oslo, 08 July 2026: Vow ASA (ticker OSE: VOW) and its subsidiary Scanship have
received purchase orders from a major European shipyard of EUR 7.2 million for
two vessels, previously mentioned as options in press release dated 26.11.2025.

This order is now firm with the first equipment deliveries expected in July 2028
and January 2029. The vessels are scheduled to enter operation towards end of
2030 and end of 2031.

“Through this contract, we continue our long-standing cooperation with the
shipyard and the cruise line. The vessels will be fully equipped with Scanship
systems, reinforcing our joint 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, drying, and finally incineration or shore delivery. The waste
management system further enhances the abord circular economy, recovering
valuable commodities such as glass and aluminum for landing. Scanship’s
integrated clean ship solutions are designed to ensure 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

Cecilie Brænd Hekneby, CFO, Vow ASA
Tel: +47 992 93 826
Email: 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 (the "Group" or the "Company") and its subsidiaries Scanship, C. H. Evensen
Industriovner and Etia are passionate about preventing pollution. The company
delivers products and services to the maritime industry and develops and
commercializes technologies within waste management and the conversion of waste
into high-value products and energy. Vow operates through three business units:
Maritime Solutions, Aftersales, and Industrial Solutions, and is a cruise market
leader in wastewater purification and valorization of waste. Its advanced
technologies and solutions enable industrial decarbonization and circular
resource utilization. Waste streams such as biomass and end-of-life tires are
converted into clean energy, biocarbon and low-carbon fuels that replace
fossil-based alternatives in industrial processes. The solutions are modular,
scalable, standardized, patented, and thoroughly documented, enabling efficient
deployment across projects and markets. The company's capability to deliver is
well proven, supported by a structured development model from pilot to
full-scale operations. Vow holds strong niche positions in food safety and
heat-intensive industries with ambitious decarbonization agendas. Located in
Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker:
VOW)

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