Bergen, Norway, January 5, 2023 - M Vest Water (EURONEXT: MVW) has been awarded
an order to deliver our water treatment product NORWAFLOC® to a large new salmon
slaughterhouse in Norway.

Reference is made to the announcement dated March 23, 2023. M Vest Water
delivered water treatment equipment to the client in Q3 2023. The installation
of this equipment has now been completed, and the plant is being prepared for
the startup of water treatment and sludge separation in Q1 2024. 

M Vest Water has received an order to supply NORWAFLOC® for a startup period of
2-3 months of production. The potential yearly income for the supply of
NORWAFLOC® is estimated to 4-6 MNOK.

With this supply, M Vest Water has provided the best available technology (BAT)
to the first salmon slaughterhouse in Norway meeting the new and restricted EU
discharge regulation enforced on this industry with effect from December 4th,
2023.

"This is a milestone for the solution The Alliance; M Vest Water, Downstream
Marine and Bioretur, has brought forth to solve the new challenges with the
wastewater discharges salmon slaughterhouses now are facing. It is a significant
step into this emerging annual 100 MNOK recurring revenue market. A market where
The Alliance potentially also may convert waste to value for our clients by
manage and facilitate attractive reuse of the waste," says MVW`s CEO, Stein E.
Giljarhus.  


For more information, please contact:

Stein Giljarhus, CEO
stein.giljarhus@mvestwater.com
+47 90 54 08 32

Morten Hilton Thomassen, CFO
mht@mvestwater.com
+47 92 25 85 70

About M Vest Water AS:
M Vest Water is an environmental technology company which has developed unique
products and solutions to the water treatment industry, both Industrial as well
as the Municipal markets. The products are non-toxic, biodegradable and without
any harm to the environment. It obtains the highest degree of purification in a
cost-efficient arrangement.
M Vest Water is listed on Euronext Growth under the ticker MVW. For more
information, visit www.mvestwater.com.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

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