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Regulatory press release

Vow ASA: Covenant waiver obtained

Vow
Oslo,  30 September  2025: Reference  is  made  to  note  5 in  Vow  ASA's  (the
"Company") interim report for H1/Q2 2025 and the cautionary note regarding the
risk that the Company will be in breach of its rolling 12-month NIBD/EBITDA
ratio covenant requirements for the next quarters, and that the Company is in
close and constructive dialog with DNB in this respect.

The Company has today obtained a formal waiver from DNB for the reporting period
ending on 30 September 2025.

For more information, please contact:
Cecilie Brænd Hekneby, CFO, Vow ASA
Tel: +47 992 93 826
Email: cecilie.hekneby@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).
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