Fjord Defence Group ASA

Delisting Announcement • May 31, 2023

Aquila Holdings ASA (Carbon Transition ASA) – change of the company name and ticker symbol

Aquila Holdings ASA (Carbon Transition ASA) – change of the company name and ticker symbol

Oslo, 31 May 2023

Reference is made to the stock exchange announcement by Carbon Transition ASA on 24 May 2023 regarding the change of the company’s name from Carbon Transition ASA to Aquila Holdings ASA. The name change is now effectuated. In connection with the change of name, the company will also change its ticker symbol from “CARBN” to “AQUIL”.

For further information, please contact:

Nils Haugestad, Interim CEO & CFO

nils.haugestad@carbn.no

+47 977 04 439

About Aquila Holdings

Aquila Holdings ASA ("AQUIL") is a Norwegian seismic multi-client and investment company listed on Euronext Expand. Aquila Holdings specializes in 3D ocean bottom node seismic multi-client data for near-field exploration. The company holds two key seismic multi-client assets, one in Norway and one in Egypt. Aquila Holdings also has an investment arm, with focus on investments in listed companies as well as companies expected to be listed.

More information on www.aquilaholdings.no

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