Vow ASA ("Vow") subsidiary, C.H. Evensen AS ("CHE") is pleased to announce that
it has received a modification order for a state-of-the-art hybrid heating
system on a hot-dip galvanizing furnace. This modification is an addition to the
previously announced furnace contract award in December 2022. The hybrid system
enables the furnace to operate at full production capacity using both electric
power and gas heating, while running entirely on renewable energy.

Upon delivery to the esteemed customer, LCC Group in Cookstown, Northern
Ireland, in 2024, this furnace valued at NOK 24 million will become the largest
of its kind in the world.

Henrik Badin, CEO of Vow ASA, expressed his pride in assisting the heat
demanding industry in transitioning to fossil-free solutions, overcoming what
was once deemed nearly impossible. He emphasized that this achievement aligns
with Vow's mission to diversify industries and minimize their environmental
impact.

The modification order falls under Vow's Industrial Solutions reporting segment
and will be recorded as order intake in the third quarter of 2023.


For more information, please contact:

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

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