Fjord Defence Group ASA

Regulatory Filings • Aug 9, 2021

Carbon Transition ASA – (Axxis Geo Solutions ASA) – change of name and ticker symbol

Carbon Transition ASA – (Axxis Geo Solutions ASA) – change of name and ticker symbol

Lysaker, 9 August 2021

Reference is made to the stock exchange announcement by Carbon Transition ASA on 6 August 2021 regarding the change of the company’s name from Axxis Geo Solutions ASA to Carbon Transition ASA. The name change is now effectuated. In connection with the change of name, the company will also change its ticker symbol from “AXXIS” to “CARBN”.

Ronny Bøhn, CEO

Ronny.Bohn@axxisgeo.com

+47 905 58 517

Nils Haugestad, CFO

Nils.Haugestad@axxisgeo.com

+47 977 04 439

Carbon Transition ASA ("CT") is an investment company listed on EURONEXT EXPAND OSLO. CT has a focus towards investing in companies and technologies engaged in the "energy transition" area, which contribute to significant reductions of carbon emissions. CT may also invest more broadly in the "energy transition" space. CT has a legacy OBN seismic business operating under the name Axxis Geo Solutions, with both a node-technology seismic contract business, and a multiclient library. This business unit is categorized as an investment, and revenues generated from this business unit may be invested in the “energy transition” area. More information on www.axxisgeo.com

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