Fjord Defence Group ASA

Board/Management Information • Aug 7, 2020

Axxis Geo Solutions – appointment of new CEO

Axxis Geo Solutions – appointment of new CEO

Lysaker, 7 August 2020

The board of directors is pleased to announce the appointment of Ronny Bøhn as CEO of Axxis Geo Solutions with effect 10 August 2020. Mr. Bøhn has more than 20 years of experience from the seismic industry and has held management positions as vice president of marine operations at CGG and as COO at inApril AS. He holds a master of science degree in Geomatics from the University of Oslo.

Lee Parker has decided to resign his position as CEO in order to pursue other opportunities. Mr. Parker has agreed to continue to support the company in an advisory capacity during a transition period. The board would like to thank Mr. Parker for all his contributions to the company.

Contacts

Christian Huseby, Chairman

christian.huseby@axxisgeo.com

+47 934 09 326

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