Fjord Defence Group ASA

Report Publication Announcement • Aug 30, 2019

Disclosure of Songa Bulk ASA H1 2019 report (pre-merger with AGS)

Disclosure of Songa Bulk ASA H1 2019 report (pre-merger with AGS)

Lysaker, Norway, 30 August 2019:

The merger between Songa Bulk ASA and Axxis Geo Solutions AS was completed 2 July 2019. As a result of the merger, the company name was changed to Axxis Geo Solutions ASA and the company’s shares were listed on Oslo Axess under the new ticker “AGS” from and including 3 July 2019.

To comply with the Securities Trading Act § 5-6 on half-yearly financial reporting, the first half 2019 financial report for Songa Bulk ASA is disclosed. Please note that the report is for Songa Bulk ASA only, before the merger was completed.

Axxis Geo Solutions ASA will initiate interim reporting on quarterly basis from third quarter and onwards. The third quarter result will be announced 13 November 2019.

Contacts

Svein Knudsen, CFO

Svein.knudsen@axxisgeo.com

+47 906 94 170

Nina Midtlie, GFD

Nina.midtlie@axxisgeo.com

+47 982 06 378

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