Fjord Defence Group ASA

AGM Information • May 25, 2022

Carbon Transition ASA - minutes from Annual General Meeting

Carbon Transition ASA - minutes from Annual General Meeting

Oslo, 25 May 2022

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

The proposed resolutions were adopted with the requisite majority. 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 Carbon Transition

Carbon Transition ASA ("CARBN") is an investment company listed on Euronext Expand. CARBN has a strategy to invest in companies and technologies which contribute to significant reductions of carbon emissions. The company may also invest more broadly in the "energy transition" space. CARBN has a legacy seismic business operating under the name Axxis Geo Solutions, with a multi-client data library.

More information on www.carbn.no.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.