Vow ASA: Vow receives settlement for VGM shares and loan repayment

Oslo, 30 June 2025 | Vow ASA (OSE: VOW) is pleased to confirm receipt ofsettlement for the sale of its shares held in Vow Green Metals AS ("VGM"), andthat the convertible loan to VGM has been repaid in full.

Reference is made to the stock exchange announcement published 16 May 2025,stating that Vow ASA ("Vow", "the Company") has undertaken to accept the Offermade by Midas Industri AS ("HitecVision") to acquire all the shares in VowGreenMetals AS ("VGM").

Today, Vow has received net proceeds of NOK 35.1 million from Midas IndustriASfor the 50,173,890 shares Vow held in VGM at the time of the launch of theOffer, reflecting the offer price for its shares of NOK 0.70 per share. Thenetproceeds have been used for an addition instalment on the term loan in DnB.

Further, the convertible loan of NOK 22.5 million, which was provided tofinancethe costs relating to VGM's termination with Obligo, has been repaid in full.Vow financed the loan to VGM by way of a loan from DNB in the same amount,whichhas been settled.

"We congratulate HitecVision with the acquisition of the shares in VGM. VGMremains an important customer of Vow, and we look forward to continuedcollaboration", says Gunnar Pedersen, CEO of Vow.

For more information, please contact

Gunnar Pedersen, CEO, Vow ASATel: +47 916 30 304Email: gunnar.pedersen@vowasa.com

Cecilie Brænd Hekneby, CFO, Vow ASATel: +47 992 93 826Email: cecilie.hekneby@vowasa.com

About Vow

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

Advanced technologies and solutions from Vow enable industry decarbonisationandmaterial 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 biomassandwaste 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 StockExchange(ticker VOW).

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