Vow: 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 Scanship have received purchase orders for Scanship's Advance Wastewater Purification system from a major European shipyard to a value of EUR 7.7 million for two vessels. The agreement also includes options for deliveries to three additional vessels with a total value of EUR 13.1 million, bringing the potential value of firm orders and options to EUR 20.8 million. This order is now firm with the first equipment deliveries expected in late 2027. 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, 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. 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)