Fjord Defence Group ASA

Director's Dealing • Aug 31, 2021

Carbon Transition ASA: Mandatory notification of trade – Chairman buys Carbon Transition shares

Carbon Transition ASA: Mandatory notification of trade – Chairman buys Carbon Transition shares

Bjørn Gisle Grønlie, Chairman of Carbon Transition ASA, has purchased 134 000 shares in Carbon Transition ASA (“CARBN”) today 31 August 2021 at an average price of NOK 1,498 per share.

Following this acquisition, Mr. Grønlie controls 134 000 shares in Carbon Transition ASA, which equals 0.06 percent of the issued shares and votes in the company.

Bjørn Gisle Grønlie holds no share options in Carbon Transition ASA.

For further information, please contact

Ronny Bøhn, CEO

Ronny.Bohn@axxisgeo.com

+47 905 58 517

Nils Haugestad, CFO

Nils.Haugestad@axxisgeo.com

+47 977 04 439

About Carbon Transition

Carbon Transition ASA ("CT") is an investment company listed on EURONEXT EXPAND OSLO. CT has a focus towards investing in companies and technologies engaged in the "energy transition" area, which contribute to significant reductions of carbon emissions. CT may also invest more broadly in the "energy transition" space. CT has a legacy OBN seismic business operating under the name Axxis Geo Solutions, with both a node-technology seismic contract business, and a multiclient library. This business unit is categorized as an investment, and revenues generated from this business unit may be invested in the “energy transition” area. Carbon Transition ASA is listed on EURONEXT EXPAND OSLO and traded under the ticker Carbn. 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.