Oslo, 4 April 2024: Vow ASA (OSE: VOW) Scanship AS has achieved a significant
milestone today by securing a change order worth EUR 2.1 million from a
prominent European shipyard.

This is a change order to two existing contracts in the company's backlog. With
this change order, the total scope of the largest contract now amounts to EUR
10.4 million, ranking it as the largest single technology supply contract ever
awarded to Scanship for a cruise ship under construction.

"This is more than double the average size of contracts only a few years back.
It confirms a trend we see among shipowners and shipyards to include more
advanced climate and cleantech technology and solutions about the cruise ships.
With increased emphasis on environmentally sustainable practices and innovative
technologies, and construction of even larger ships, our offering is becoming
increasingly relevant and attractive," said Henrik Badin, CEO of Vow ASA.


For more information, please contact:

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

Tina Tønnessen, CFO, Vow ASA
Tel: +47 406 39 556
Email: tina.tonnessen@vowasa.com


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).

The information is such that Vow ASA is required to disclose in accordance with
the EU Market Abuse Regulation. This information is subject of the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.