Fjord Defence Group ASA

Transaction in Own Shares • Feb 5, 2024

Aquila Holdings share buyback program status

Aquila Holdings share buyback program status

5 February 2024

Reference is made to the stock exchange notice from 10 July 2023 announcing a share buyback program for Aquila Holdings ASA (the Company). From 29 January 2024 through 2 February 2024, Pareto Securities AS has bought 250,000 shares on the behalf of the Company at an average price of NOK 1.0314 and a total value of NOK 257,840. Additional information on the buyback program: The program consists of share purchases up to NOK 5 million and may be ended at the Company’s discretion prior to fulfilment. The shares are purchased in accordance with the authorization granted at the Company's Annual General Meeting on 24 May 2023.

After the completion of the abovementioned transactions, the Company holds a total of 20,233,807 own shares, equal to 8.44% of the Company's share capital, as per the attached document.

For further information, please contact:

Nils Haugestad, Interim CEO & CFO

nils.haugestad@aquilaholdings.no

+47 977 04 439

About Aquila Holdings

Aquila Holdings ASA ("AQUIL") is a Norwegian seismic multi-client and investment company listed on Euronext Expand. Aquila Holdings specializes in 3D ocean bottom node seismic multi-client data for near-field exploration. The company holds two key seismic multi-client assets, one in Norway and one in Egypt. Aquila Holdings also has an investment arm, with focus on investments in listed companies as well as companies expected to be listed.

More information on www.aquilaholdings.no

This information is made public in accordance with the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.