Fjord Defence Group ASA

AGM Information • May 24, 2023

Carbon Transition ASA - minutes from Annual General Meeting and change of the company name to Aquila Holdings ASA

Carbon Transition ASA - minutes from Annual General Meeting and change of the company name to Aquila Holdings ASA

Oslo, 24 May 2023

The annual general meeting of Carbon Transition ASA was held today.

Item 14 was changing the company name from Carbon Transition ASA to Aquila Holdings ASA (currently under registration with the Norwegian Register of Business Enterprises).

All resolutions proposed were approve by the shareholders.

Please see the attached copy of the minutes from the meeting.

For further information, please contact:

Nils Haugestad, Interim CEO & CFO

nils.haugestad@carbn.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 subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.