Fjord Defence Group ASA

Regulatory Filings • May 20, 2020

Axxis Geo Solutions sign Letter of Intent for an extension of previously announced contract in the North Sea

Axxis Geo Solutions sign Letter of Intent for an extension of previously announced contract in the North Sea

Lysaker, 20 May 2020

Following the announcement on 4 May 2020, Axxis Geo Solutions ASA (OSE: AGS), has now signed a Letter of Intent for an additional scope of work. The additional work will commence directly after conclusion of the previously announced contract and has a duration of approximately two weeks.

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

Contacts

Lee Parker, CEO

Lee.parker@axxisgeo.com

+1 832 275 7258

Svein Knudsen, CCO

Svein.Knudsen@axxisgeo.com

+47 906 94 170

Nls Haugestad, CFO

Nils.Haugestad@axxisgeo.com

+47 977 04 439

About AGS

Axxis Geo Solutions (AGS) is a pure-play ocean bottom node seismic company uniquely positioned to pursue both contract and multi-client seismic. AGS specializes on delivering tailored seismic solutions and flexible project management and execution to oil and gas companies world-wide. Its operations are based on a scalable asset-light setup through chartering of vessels and nodes to complete seismic surveys.

AGS is listed on Oslo Axess and traded under the ticker AGS.

More information on www.axxisgeo.com