NEWS

Vow ASA's (VOW) subsidiary ETIA has received the confirmation from Repsol to deliver a pilot plant to demonstrate the capabilities of VOW Biogreen® systems integration in petrochemical and refineries sites for processing alternative feedstock to generate fuels and materials with low carbon footprint.

"We are very excited to provide technology to support Repsol on their ambitious roadmap towards becoming a net zero emissions company. This contract proves the high relevance of our technologies as an essential solution in the decarbonization strategy of large industries"; says Vow ASA CEO Henrik Badin.

"We are pleased to incorporate ETIA pyrolysis technology in the Repsol Technology Lab. Working with world-class suppliers like Vow gives us the assurance that we are on the right track to provide society with the products it needs with a low carbon footprint", says Jaime Martin Juez, Executive Director Technology and Corporate Venturing.

Repsol, headquartered in Spain, is a global multi-energy company with a clear goal to become a net zero emissions company by 2050. Its industrial complexes are evolving to become multi-energy hubs capable of using multiple wastes from different origins as raw materials to generate products with a low, zero or even negative carbon footprint. Repsol ambition is to reuse three million tons of waste per year and thus mitigate more than seven million tons of CO2 annually by 2030. Repsol is analyzing more than 40 types of waste and technologies, such as pyrolysis, to ensure the production of advanced biofuels and circular petrochemical materials.

For more information, please contact

Henrik Badin, CEO, Vow ASA Tel: + 47 90 78 98 25 Email: henrik.badin@vowasa.com

Erik Magelssen, CFO, Vow ASA Tel: +47 928 88 728 Email: erik.magelssen@vowasa.com

About Vow In Vow and our subsidiaries Scanship and Etia we are passionate about preventing pollution. Our world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries.

Cruise ships on every ocean have Vow technology inside which processes waste and purifies wastewater. Fish farmers are adopting similar solutions, and public utilities and industries use our solutions for sludge processing, waste management and biogas production on land.

Our ambitions go further than this. With our advanced technologies and solutions, we turn waste into biogenetic fuels to help decarbonize industry and convert plastic waste into fuel, clean energy, and high-value pyro carbon.

Our solutions are scalable, standardized, patented, and thoroughly documented, and our capability to deliver is well proven. They are key to end waste and stop pollution.

Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW from 13 January 2020).

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.