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Fjord Defence Group ASA

Board/Management Information Nov 3, 2021

3569_rns_2021-11-03_18753cbc-4ef8-44ed-a854-5ddb5380d7cd.html

Board/Management Information

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Carbon Transition – Resignation of CEO

Carbon Transition – Resignation of CEO

Oslo, 3 November 2021

Carbon Transition ASA ("Carbon Transition") announces that Ronny Bøhn has decided to resign as CEO of Carbon Transition. The board is considering alternatives for Mr. Bøhn's replacement and a transition schedule.

The board would like to thank Mr. Bøhn for all his contributions to the company.

For further information, please contact

Gisle Grønlie, Chairman of the Board

[email protected]

+47 917 51 194

About Carbon Transition

Carbon Transition ASA ("CARBN") is an investment company listed on Euronext Expand. CARBN has a strategy to invest in companies and technologies which contribute to significant reductions of carbon emissions. The company may also invest more broadly in the "energy transition" space. CARBN has a legacy seismic business operating under the name Axxis Geo Solutions, with both an ocean-bottom seismic contract business and a multi-client data library.

More information on www.axxisgeo.com

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

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