Vow ASA: Contract of EUR 13.8 million awarded for equipment deliveries to four cruise newbuilds, additional six options to be called upon

Oslo, 26 November 2025: Vow ASA (ticker OSE: VOW) and its subsidiary Scanship have received a purchase order from a major European shipyard of EUR 13.8 million. Equipment deliveries will start in July 2026 for the first vessel and continue throughout 2028.

This order, which is a continuation of series of vessels with existing platforms and two vessel deliveries expected per year, will have its first vessel in operation at the end of 2028. Deliveries of equipment to four firm vessels are agreed. Under the agreement, the customer retains an option to order similar equipment for another six vessels at a later stage with equipment deliveries stretching to 2032. The six options have a total value of EUR 22 million.

"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 incineration.

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 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).