Fjord Defence Group ASA

Earnings Release • Mar 18, 2025

Settlement of Financial Asset Concluded and Payment Received

Settlement of Financial Asset Concluded and Payment Received

Oslo, 18 March 2025

Aquila Holdings is pleased to announce the settlement of its financial asset related to the sale of ocean bottom node (OBN) equipment to TGS (via Magseis Fairfield), originally concluded in March 2022. As part of the earnout structure agreed upon in the transaction, the company has today received the year-three floor payment of USD 1.5 million.

The booked value of this financial asset was USD 1.3 million as per the fourth quarter of 2024.

This transaction reinforces Aquila Holdings’ commitment to delivering value to its shareholders while maintaining a lean cost structure. Further details on the financial impact will be provided in the company’s upcoming quarterly report.

For further information, please contact: Kristian Zahl CEO (interim)

kristian.zahl@aquilaholdings.no

+47 996 10 117

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.