Fjord Defence Group ASA

AGM Information • Nov 1, 2019

EXTRA ORDINARY GENERAL MEETING COMPLETED – NEW BOARD OF DIRECTORS AND NOTIFIABLE SHAREHOLDING

EXTRA ORDINARY GENERAL MEETING COMPLETED – NEW BOARD OF DIRECTORS AND NOTIFIABLE SHAREHOLDING

Lysaker, 1 November 2019

Please find attached the signed minutes from the extraordinary general meeting in Axxis Geo Solutions ASA (the "Company") held today. As proposed, changes to the board of directors were approved and Mr. Andreas C. Pay and Tore A. Tønseth have been elected as directors. The term for Mr. Pay commences immediately, whereas the term for Mr. Tønseth commences as of 1 December 2019. Consequently, the board of directors currently consist of Rolf Rønningen (chair), Vibeke Gwendoline Fængsrud, Eirin M. Inderberg, Nina Skage, Njål Sævik and Andreas C. Pay.

As a consequence of the election, Mr. Pay has become a primary insider. Mr. Pay owns 10,000 shares in the Company.

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

Contacts

Svein Knudsen, CFO

Svein.Knudsen@axxisgeo.com

+47 906 94 170

Nina Midtlie, Group Financial Director

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