New cruise newbuild order confirmed, additional option remains

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

This order was first mentioned as an option in a stock market announcement on 8February 2024. Under the agreement, the customer retains an option to ordersimilar 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 withour advanced systems, and reinforcing our commitment to reliable and sustainablesolutions,” says Gunnar Pedersen, CEO of Vow ASA.

With Scanship technology onboard, all wastewater on the ships will be purifiedaccording to the requirements in the Baltic Sea and Alaskan State waters, whichare to date the highest standards at sea. All residue sludge from thewastewater, along with food waste and other biogenic waste from hoteloperations, 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 morethan 10,000 people at sea, ensuring compliance with all maritime environmentalrequirements, reducing greenhouse gas emissions, recovering important resourcesfrom 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 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 Vow

Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate aboutpreventing pollution. The company’s world leading solutions convert biomass andwaste into valuable resources and generate clean energy for a wide range ofindustries.

Advanced technologies and solutions from Vow enable industry decarbonisation andmaterial recovery. Biomass, sewage sludge, plastic waste and end-of-life tyrescan be converted into clean energy, low carbon fuels and renewable carbon thatreplace natural gas, petroleum products and fossil carbon. The solutions arescalable, standardised, patented, and thoroughly documented, and the company’scapability to deliver is well proven.

The company is a cruise market leader in wastewater purification andvalorisation of waste. It provides technology and solutions which enableindustries to transition towards a fossil-free future by converting biomass andwaste into valuable resources and clean energy. The company also has strongniche positions in food safety and robotics, and in heat-intensive industrieswith a strong decarbonising agenda.

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