Fjord Defence Group ASA

Aquila Holdings announces Utsira multi-client late sale

Oslo, 27 June 2023

Aquila Holdings (through its wholly-owned subsidiary Axxis Multi Client AS)

today announces a USD 0.34 million (net to Aquila Holdings) multi-client

seismic data licensing contract with an existing customer. Under the contract, the

customer will license Aquila Holdings’ Utsira multi-client survey in Norway.

For further information, please contact:

Nils Haugestad, Interim CEO & CFO

+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 subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.

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