Fjord Defence Group ASA

AGM Information • Aug 18, 2022

PROTOKOLL FRA EKSTRAORDINÆR GENERALFORSAMLING I CARBON TRANSITION ASA $(org. nr. q17811288)$

Den 18. august 2022 ble det avholdt ekstraordinær generalforsamling i Carbon Transition ASA (heretter "Selskapet").

Generalforsamlingen ble åpnet av Bjørn Gisle Grønlie, som opptok en fortegnelse over de møtende aksjeeiere. Fortegnelsen, inkludert antall aksjer og stemmer representert, enten ved forhåndsstemme, selv eller ved fullmektig, er inntatt som Vedlegg 1 til protokollen.

Dermed var 133 237 916 aksjer og stemmer representert som representerer 55,57 % $av$ aksjekapitalen i Selskapet.

På agendaen står følgende saker:

VALG AV MØTELEDER $\mathbf{1}$

Bjørn Gisle Grønlie ble valgt som møteleder.

GODKIENNELSE $\overline{\mathbf{2}}$ . AV INNKALLING $OG$ DAGSORDEN

Innkalling og dagsorden ble godkjent.

VALG AV EN PERSON TIL Å UNDERTEGNE 3. PROTOKOLLEN SAMMEN MED MØTELEDER

Nils Haugestad ble valgt til å undertegne protokollen sammen med møtelederen.

VALG AV NYTT STYRE 4.

Generalforsamlingen besluttet å velge nytt styre i Selskapet. Det nye styret består av:

• Nina Skage, styreleder
• Torstein Sanness

UNOFFICIAL OFFICE TRANSLATION - IN CASE OF DISCREPANCY THE NORWEGIAN VERSION SHALL PREVAIL:

MINUTES OF EXTRAORDINARY GENERAL MEETING OF CARBON TRANSITION ASA $(reg. no. q17811288)$

On 18 August 2022 an Extraordinary General Meeting was held in Carbon Transition ASA (the "Company").

The general meeting was opened by Bjørn Gisle Grønlie, who made a record of the attending shareholders. The record of attending shareholders, including the number and votes represented, whether by advance vote, personally attendance or by proxy, is attached to the minutes as Appendix 1.

Accordingly was 133,237,916 shares and votes represented corresponding to 55.57% of the Company's share capital.

The following items are on the agenda:

ELECTION OF A PERSON TO CHAIR THE $\mathbf{I}$ . MEETING

Bjørn Gisle Grønlie was elected to chair the meeting.

APPROVAL OF THE CALLING NOTICE AND $\overline{\mathbf{2}}$ . THE AGENDA

The calling notice and the agenda were approved.

ELECTION OF A PERSON TO CO-SIGN THE $\overline{3}$ . MINUTES OF MEETING TOGETHER WITH THE CHAIRPERSON

Nils Haugestad was elected to sign the minutes together with the chairperson of the meeting.

ELECTION OF BOARD OF DIRECTORS 4.

The general meeting resolved to elect a new board of directors in the Company. The new board of directors consist of:

• Nina Skage, chairperson
• Torstein Sanness

Ketil Skorstad $\bullet$

I tillegg ble følgende varamedlem valgt:

Karl Sivert Skatland som personlig varamedlem for $\bullet$ Ketil Skorstad

$\sim$

Mer forelå ikke til behandling. Generalforsamlingen ble deretter hevet.

Ketil Skorstad $\bullet$

In addition the following deputy was elected:

Karl Sivert Skatland as personal deputy board $\bullet$ member for Ketil Skorstad

There were no further matters to be discussed. The general meeting was adjourned.

[Signaturside følger / Signature page follows]

[Signaturside for protokoll fra ekstraordinær generalforsamling i Carbon Transition ASA / Signature page for minutes of extraordinary general meeting of Carbon Transition ASA]

Bjørn Gisle Grønlie Møteleder / Chair of the meeting

$\ddot{\phantom{1}}$

$\overline{\mathcal{L}}$

$\ddot{\phantom{1}}$

$\overline{v}$

$\overline{a}$

Nils Haugestad Medundertegner/Co-signer

VEDLEGG 1 - Fortegnelse over de møtende aksjeeiere, samt angivelse av antall aksjer og stemmer VEDLEGG 2 - Stemmeresultater

APPENDIX 1 -List of the present shareholders, with specification of the number of shares and votes APPENDIX 2 - Voting results

Total Represented

ISIN:	NO0010778095 Carbon Transition ASA
General meeting date: 18/08/2022 10.00
Today:	18.08.2022

Number of persons with voting rights represented/attended: 2

	Number of shares % sc
Total shares	239,760,117
- own shares of the company	0
Total shares with voting rights	239,760,117
Represented by advance vote	2,392,676	1.00%
Sum own shares	2,392,676	1.00%
Represented by proxy	127,761,069	53.29 %
Represented by voting instruction	3.084,171	1.29%
Sum proxy shares	130,845,240	54.57 %
Total represented with voting rights	133,237,916	55.57 %
Total represented by share capital	133,237,916	55.57 %

Registrar for the company:

$\bar{c}$

Signature company:

DNB Bank ASA

hannosse

DNB Bank ASA Registrars Department

Carbon Transition ASA

Protocol for general meeting Carbon Transition ASA

ISIN: NO0010778095 Carbon Transition ASA General meeting date: 18/08/2022 10.00 Today: 18.08.2022

Shares class	FOR	Against Poll in		Abstain		Poll not registered Represented shares with voting rights
Agenda item 1 Election of a person to chair the meeting
Ordinaer	133,121,036	O	133,121,036	116,880	0	133,237,916
votes cast in %	100.00 %	0.00%		0.00%
representation of sc in %	99.91 %	$0.00 \%$	99.91 %	0.09%	0.00%
total sc in %	55.52 %	0.00%	55.52 %	0.05%	$0.00 \%$
Total	133,121,036		0 133,121,036 116,880		O	133,237,916
Agenda item 2 Approval of the calling notice and the agenda
Ordinær	133,121,036	0	133,121,036	116,880	O	133,237,916
votes cast in %	100.00 % 0.00 %			0.00%
representation of sc in %	99.91 %	$0.00 \%$	99.91 %	$0.09 \%$	$0.00\%$
total sc in %	55.52 %	$0.00 \%$	55.52 %	0.05%	0.00%
Total	133,121,036		0 133,121,036 116,880		$\bf{0}$	133,237,916
Agenda item 3 Election of a person to co-sign the minutes of meeting together with the chairperson
Ordinær	133,007,165	O	133,007,165	230,751	$\mathbf o$	133,237,916
votes cast in %	100.00 %	0.00%		$0.00 \%$
representation of sc In %	99.83 %	$0.00 \%$	99.83 %	0.17%	0.00%
total sc in %	55.48 %	0.00%	55.48 %	0.10%	0.00%
Total	133,007,165		0 133,007,165 230,751		$\bf{o}$	133,237,916
Agenda item 4 Election of board of directors
Ordinær	133,220,001	681	133,220,682	17.234	$\mathbf{o}$	133,237,916
votes cast in %	100.00 %	$0.00 \%$		0.00%
representation of sc in %	99.99 %	$0.00 \%$	99.99 %	$0.01\%$	0.00%
total sc in %	55.56 %	$0.00 \%$	55.56 %	0.01%	0.00%
Total	133,220,001		681 133,220,682	17,234	o	133,237,916

Registrar for the company:

Signature company:

DNB Bank ASA

Carbon Transition ASA

Registrars Department Share information

Name Total number of shares Nominal value Share capital Voting rights Ordinær 239,760,117 1.00 239,760,117.00 Yes Sum:

§ 5-17 Generally majority requirement
requires majority of the given votes

§ 5-18 Amendment to resolution
Requires two-thirds majority of the given votes
like the issued share capital represented/attended on the general meeting

Totalt representert

ISIN:	NO0010778095 Carbon Transition ASA
Generalforsamlingsdato: 18.08.2022 10.00
Dagens dato:	18.08.2022

Antail stemmeberettigede personer representert/oppmøtt: 2

	Antall aksjer % kapital
Total aksier	239 760 117
- selskapets eqne aksjer	0
Totalt stemmeberettiget aksier	239 760 117
Representert ved forhåndsstemme	2 392 676	1,00 %
Sum Egne aksjer	2 392 676	1,00%
Representert ved fullmakt	127 761 069	53.29 %
Representert ved stemmeinstruks	3 084 171	1.29 %
Sum fullmakter	130 845 240	54,57 %
Totalt representert stemmeberettiget	133 237 916	55,57 %
Totalt representert av AK	133 237 916	55.57 %

Kontofører for selskapet:

For selskapet:

DNB Bank ASA

$0000$ DNB Bank ASA Verdipapirservice

Carbon Transition ASA

Protokoll for generalforsamling Carbon Transition ASA

ISIN: NO0010778095 Carbon Transition ASA Generalforsamlingsdato: 18.08.2022 10.00 Dagens dato: 18.08.2022

Aksieklasse	For	Mot	Avgitte	Avstår		Ikke avgitt Stemmeberettigede representerte aksjer
Sak 1 VALG AV MØTELEDER
Ordinær	133 121 036	$\Omega$	133 121 036	116880	$\Omega$	133 237 916
% avgitte stemmer 100,00 % 0,00 %				0.00%
% representert AK	99,91 % 0,00 %		99,91 %	0,09,06	0.00%
% total AK	55,52 % 0,00 %		55,52 % 0.05 %		0.00%
Totalt	133 121 036	$\mathbf{0}$	133 121 036	116880	$\Omega$	133 237 916
Sak 2 GODKJENNELSE AV INNKALLING OG DAGSORDEN
Ordinaer	133 121 036	0	133 121 036	116 880	0	133 237 916
% avgitte stemmer 100,00 % 0,00 %				$0.00 \%$
% representert AK 99,91 % 0,00 %			99,91 % 0,09 %		0.00%
% total AK	55,52 % 0,00 %		55,52 %	0,05%	0,00%
Totalt	133 121 036	$\mathbf a$	133 121 036	116880	$\mathbf o$	133 237 916
Sak 3 VALG AV EN PERSON TIL Å UNDERTEGNE PROTOKOLLEN SAMMEN MED MØTELEDER
Ordinaer	133 007 165	$\Omega$	133 007 165	230 751	$\Omega$	133 237 916
% avgitte stemmer 100,00 % 0,00 %				0.00%
% representert AK			99,83 % 0,00 % 99,83 % 0,17 %		0.00%
% total AK	55,48 % 0.00 %		55,48 %	$0,10 \%$	0.00%
Totalt	133 007 165	$\bf{0}$	133 007 165	230751	o	133 237 916
Sak 4 VALG AV NYTT STYRE
Ordinær	133 220 001	681	133 220 682	17 234	O	133 237 916
% avgitte stemmer 100,00 % 0,00 %				$0.00 \%$
% representert AK	99,99 % 0.00 %		99,99 %	0,01 %	0.00%
% total AK	55,56 % 0,00 %		55,56 %	$0.01 \%$	0.00%
Totalt	133 220 001	681	133 220 682	17 234	$\bf{o}$	133 237 916

Kontofører for selskapet:

For selskapet:

DNB Bank ASA

Carbon Transition ASA

Mohanosse DNB Bank ASA

Xesdinapirsesvice

Navn	Totalt antall aksjer Pålydende Aksjekapital		Stemmerett
Ordinær	239 760 117	1,00 239 760 117,00 Ja
Sum:

§ 5-17 Alminnelig flertallskrav
krever flertall av de avgitte stemmer

§ 5–18 Vedtektsendring
krever tilslutning fra minst to tredeler så vel av de avgitte stemmer
som av den aksjekapital som er representert på generalforsamlingen

J.