M Vest Water has received notice of possible patent opposition

M Vest Water (the Company) has received a message from Sorbwater Technology AS (Sorbwater) notifying the Company of possible opposition to certain of the Company’s patents concerning an invention related to procedure for removing oil pollution. Sorbwater’s grounds for possible opposition have not been documented and the Company cannot see that the oppositions, if filed, can prevail. In any case, the patents are not used in the Company’s ongoing or planned activities. Thus, the outcome of a possible opposition case will not have an impact on the Company’s activities.

For further 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 who has developed unique products and solutions to the water treatment industry, both Industrial as well as the Municipal markets. Its products are non-toxic, biodegradable and can be left in nature without any harm to the environment. It obtains the highest degree of purification in a cost-efficient arrangement.

Established in 2014 and with its shares admitted to trading on Euronext Growth Oslo in end of May 2021. For more information, visit www.mvestwater.com .

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Morten Hilton Thomassen, Chief Financial Officer at M Vest Water AS, on May 16, 2021 at 19:20 CET.

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