Bergen, Norway, March 1, 2024 - M Vest Water (EURONEXT: MVW) today announces
that it has entered into an agreement with Peter. W. Thielemann GmbH (PWT) for
the distribution and sale of NORWAFLOC® in North Germany. The duration will be a
minimum of 5 years.

The cooperation and distribution of NORWAFLOC® will be exclusive in the segment
Municipal Wastewater and Sludge treatment in the regions Schleswig-Holstein,
Niedersachsen, Mecklenburg-Vorpommern, Brandenburg, Sachsen-Anhalt, Bremen, and
Hamburg. In the same regions, Peter W. Thielemann GmbH will non-exclusively
distribute and sell NORWAFLOC® and NORWAPOL® in the general food and beverage,
agricultural, industrial wastewater, and sludge treatment markets.

PWT was founded in 1958 and has a proud tradition of trading in chemicals. PWT
is a major supplier of water and sludge treatment chemicals in the mentioned
regions in Germany and the leading supplier of ferric coagulants in Northern
Germany. The filling, mixing and storage of solid and liquid chemicals, are part
of PWT 's permanent portfolio. PWT has been a major sales company of coagulants
based on iron and aluminum salts in North Germany for decades. Together with its
partners, such as suppliers, analytical laboratories, shipping, and logistics
partners, PWT has a broad and reliable network. 

"MWV has established the very best sales and logistic network for our NORWAFLOC®
covering a large existing and new customer base in North Germany. Through the
distribution and cooperation with reputable PWT, we believe that our upscaling
of sales will accelerate. As previously announced, we work towards covering the
German market through established distributors in different regions. This first
agreement with PWT is a significant milestone in this respect," comments MVW's
CEO Stein 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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