Contract of EUR 7.7 million awarded for equipment deliveries to two newbuild cruise vessels with three additional options

Oslo, 23 October 2026: Vow ASA (ticker OSE: VOW) and its subsidiary Scanshiphave received purchase orders for Scanship’s Advance Wastewater Purificationsystem from a major European shipyard to a value of EUR 7.7 million for twovessels. The agreement also includes options for deliveries to three additionalvessels with a total value of EUR 13.1 million, bringing the potential value offirm orders and options to EUR 20.8 million. This order is now firm with thefirst equipment deliveries expected in late 2027. The vessels are scheduled toenter operation towards end of 2030 and end of 2031.

“Through this contract, we continue our long-standing cooperation with theshipyard and the cruise line, reinforcing our joint commitment to reliable andsustainable solutions,” says Gunnar Pedersen, CEO of Vow ASA. With Scanshiptechnology onboard, all wastewater on the ships will be purified according tothe requirements in the Baltic Sea and Alaskan State waters, which are to datethe highest standards at sea. Scanship’s integrated clean ship solutions aredesigned 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 ASATel: +47 916 30 304Email: gunnar.pedersen@vowasa.com

Cecilie Brænd Hekneby, CFO, Vow ASATel: +47 992 93 826Email: cecilie.hekneby@vowasa.com

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

About VowVow (the “Group” or the “Company”) and its subsidiaries Scanship, C. H. EvensenIndustriovner and Etia are passionate about preventing pollution. The companydelivers products and services to the maritime industry and develops andcommercializes technologies within waste management and the conversion of wasteinto high-value products and energy. Vow operates through three business units:Maritime Solutions, Aftersales, and Industrial Solutions, and is a cruise marketleader in wastewater purification and valorization of waste. Its advancedtechnologies and solutions enable industrial decarbonization and circularresource utilization. Waste streams such as biomass and end-of-life tires areconverted into clean energy, biocarbon and low-carbon fuels that replacefossil-based alternatives in industrial processes. The solutions are modular,scalable, standardized, patented, and thoroughly documented, enabling efficientdeployment across projects and markets. The company’s capability to deliver iswell proven, supported by a structured development model from pilot tofull-scale operations. Vow holds strong niche positions in food safety andheat-intensive industries with ambitious decarbonization agendas. Located inOslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker:VOW)