Vow ASA

Full year and second half of 2023 results - Seite 2

Leading cruise companies, widely recognized for having adopted pioneering clean ship solutions, have already taken further steps to valorise waste and generate renewable energy - by introducing advanced technology from Vow on board their ships.

In other industry verticals, leading companies are forging ahead with plans to roll out multiple end-of-life tire plants for recovery of carbon black, large-scale carbon refineries and sophisticated plants for safe treatment of sewage sludge and contagious PFAS components therein. Pyrolysis technology from Vow plays a key role in all the above, and concrete projects are being lined up.

“Our company is well positioned for these and other opportunities. We have identified a pipeline of some 80 large projects, with total investments exceeding NOK 25 billion in the coming years. 2023 and 2024 will be years of transition, as the company gears up for our “15 from 25” goal: achieving an EBITDA margin of 15 per cent from the end of 2024,” Henrik Badin concluded.

CEO Henrik Badin and CFO Tina Tønnessen will present the results on Thursday 29 February at 09:00 CET. The presentation will be held at Haakon VII's gate 2, 0161 Oslo. Participants are welcome to join in person or via livestream. The streaming link will also be available for replay after the event. The session will be held in English.

To register and join the webcast, please paste the following link into your browser, click 'Attend' and register your e-mail:

https://channel.royalcast.com/landingpage/vowasa/20240229_1/

Please see the attached report for the second half of 2023.

For more information, please contact:

Henrik Badin, CEO, Vow ASA
Tel: [phone]
Email: [e-mail]

Tina Tønnessen, CFO, Vow ASA
Tel: [phone]
Email: [e-mail]

About Vow ASA

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 recycling. 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 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.

Attachment

• Vow - Second Half Year 2023 Report