<div id="readability-page-1"><div>NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN ORINTOTHE UNITED STATES, CANADA, AUSTRALIA, JAPAN, HONG KONG, SOUTH AFRICA OR IN ANYJURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BEUNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THESECURITIES DESCRIBED HEREIN.DNB Bank ASA (the &#34;Seller&#34;) has retained DNB Carnegie, a part of DNB Bank ASA(the &#34;Manager&#34;) as Sole Bookrunner to explore a potential sale of 35,823,328existing shares (equal to approx. 12.29% of the outstanding shares) in Vow ASA(the &#34;Company&#34;) through an accelerated bookbuilding offering (the &#34;Offering&#34;).The bookbuilding process will commence immediately following the publicationofthis announcement and may be closed at short notice or without notice at thefull discretion of the Seller and the Manager. The Seller reserves the right,atits sole discretion, to sell fewer shares or no shares at all.The Seller currently owns 71,646,656 shares in the Company (equal to approx.24.59% of the outstanding shares) and will enter into a 90 day lock-up for allshares not sold as part of the Offering. The Seller will continue to act as aresponsible shareholder in the company, and the sale of shares reflects anatural rebalancing of their overall targeted exposure.The minimum order and allocation in the Offering have been set to the NOKequivalent of EUR 100,000. The Seller Manager may, however, allocate an amountbelow the NOK equivalent of EUR 100,000 in the Offering to the extentexemptionsfrom prospectus requirements, in accordance with Regulation (EU) 2017/1129,areavailable.The Offering is expected to be priced and allocated before 09:00 CET on 17December 2025 (T). The settlement in the Offering will be conducted on anormaldelivery-versus-payment basis (DVP, T+2).For more information about the Offering please contact the Manager:DNB Carnegie, a part of DNB Bank ASA: +47 24 16 90 20This information is considered to include inside information pursuant to theEUMarket Abuse Regulation article 7 and is subject to the disclosurerequirementspursuant to section 5-12 of the Norwegian Securities Trading Act.Important Notices:This announcement is not and does not form a part of any offer to sell, or asolicitation of an offer to purchase, any securities of the Company. Thedistribution of this announcement and other information may be restricted bylawin certain jurisdictions. Copies of this announcement are not being made andmaynot be distributed or sent into any jurisdiction in which such distributionwould be unlawful or would require registration or other measures. Personsintowhose possession this announcement or such other information should come arerequired to inform themselves about and to observe any such restrictions.The securities referred to in this announcement have not been and will not beregistered under the U.S. Securities Act of 1933, as amended (the &#34;SecuritiesAct&#34;), and accordingly may not be offered or sold in the United States absentregistration or an applicable exemption from the registration requirements ofthe Securities Act and in accordance with applicable U.S. state securitieslaws.The Company does not intend to register any part of the offering or itssecurities in the United States or to conduct a public offering of securitiesinthe United States.In any EEA Member State, this communication is only addressed to and is onlydirected at qualified investors in that Member State within the meaning of theProspectus Regulation, i.e., only to investors who can receive the offerwithoutan approved prospectus in such EEA Member State. The expression &#34;ProspectusRegulation&#34; means Regulation (EU) 2017/1129 as amended together with anyapplicable implementing measures in any Member State.This communication is only being distributed to and is only directed atpersonsin the United Kingdom that are &#34;qualified investors&#34; within the meaning oftheProspectus Regulation as it forms part of English law by virtue of theEuropeanUnion (Withdrawal) Act 2018 and that are (i) investment professionals fallingwithin Article 19(5) of the Financial Services and Markets Act 2000(FinancialPromotion) Order 2005, as amended (the &#34;Order&#34;) or (ii) high net worthentities,and other persons to whom this announcement may lawfully be communicated,falling within Article 49(2)(a) to (d) of the Order (all such persons togetherbeing referred to as &#34;relevant persons&#34;). This communication must not be actedon or relied on by persons who are not relevant persons. Any investment orinvestment activity to which this communication relates is available only forrelevant persons and will be engaged in only with relevant persons. Personsdistributing this communication must satisfy themselves that it is lawful todoso.Matters discussed in this announcement may constitute forward-lookingstatements. Forward-looking statements are statements that are not historicalfacts and may be identified by words such as &#34;believe&#34;, &#34;expect&#34;,&#34;anticipate&#34;,&#34;strategy&#34;, &#34;intends&#34;, &#34;estimate&#34;, &#34;will&#34;, &#34;may&#34;, &#34;continue&#34;, &#34;should&#34; andsimilar expressions. The forward-looking statements in this release are basedupon various assumptions, many of which are based, in turn, upon furtherassumptions. Although the Seller believes that these assumptions werereasonablewhen made, these assumptions are inherently subject to significant known andunknown risks, uncertainties, contingencies and other important factors whichare difficult or impossible to predict and are beyond their control.By their nature, forward-looking statements are subject to numerous factors,risks and uncertainties that could cause actual outcomes and results to bematerially different from those projected. Readers are cautioned not to placeundue reliance on these forward-looking statements. Except for any ongoingobligation to disclose material information as required by the applicable law,the Seller does not have any intention or obligation to publicly update orrevise any forward-looking statements after they distributes thisannouncement,whether to reflect any future events or circumstances or otherwise.In connection with the sale of the shares, the Manager and any of theiraffiliates may take up a portion of the shares in the Offering as a principalposition and in that capacity may retain, purchase, sell, offer to sell fortheir own accounts such shares and other securities of the Company or relatedinvestments in connection with the Offering or otherwise. Accordingly,references in this announcement to the shares being sold, offered, subscribed,acquired, placed or otherwise dealt in should be read as including any issueoroffer to, or subscription, acquisition, placing or dealing by, the Manager andany of their affiliates acting in such capacity. In addition the Manager andany of their affiliates may enter into financing arrangements (including swapsor contracts for differences) with investors in connection with which theManager and its affiliates may from time to time acquire, hold or dispose ofShares. The Managers do not intend to disclose the extent of any suchinvestmentor transactions otherwise than in accordance with any legal or regulatoryobligations to do so.A communication that a transaction is or that the book is &#34;covered&#34; (i.e.indicated demand from investors in the book equals or exceeds the amount ofthesecurities being offered) is not any indication or assurance that the bookwillremain covered or that the transaction and securities will be fullydistributedby Manager. The Manager reserves the right to take up a portion of thesecurities in the offering as a principal position at any stage at their solediscretion, inter alia, to take account of the objectives of the seller, MiFIDII requirements and in accordance with allocation policies.https://newsweb.oslobors.no/message/662195</div></div>

DNB Bank ASA is exploring the sale of 35,823,328 existing shares in Vow ASA, representing approximately 12.29% of the company's outstanding shares, through an accelerated bookbuilding offering. The sale is part of a natural rebalancing of DNB's exposure, with a 90-day lock-up on unsold shares. The offering is expected to be priced and allocated by December 17, 2025.

Contemplated sale of existing shares