Fjord Defence Group ASA

Report Publication Announcement • Sep 21, 2021

Carbon Transition ASA – invitation to presentation with Arbaflame

Carbon Transition ASA – invitation to presentation with Arbaflame

Oslo, 21 September 2021

Reference is made to the stock exchange notification 7 July 2021 regarding Carbon Transition’s investment of NOK 30 million in a convertible loan to Arbaflame AS as well as the stock exchange notification of 14 September 2021 regarding the Arbaflame presentation to be hosted today. Please find attached the presentation for today’s webcast. In addition to a review of the presentation, the webcast will also include a question and answer session. The webcast will be released at 10:00 CET and will be available at the link below.

Time and date: Tuesday 21 September 2021 at 10:00 CET

Webcast link: https://inqrate.com/xtravideos/carbon-transition-carbn-arbaflame-presentation-and-qa-september-21/

Presenters: Ronny Bøhn, CEO Carbon Transition ASA

Bjørn Knappskog, CEO Arbaflame AS

The presentation will be held in Norwegian.

Contacts

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 ASA

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

About Arbaflame AS

Arbaflame is a producer of a green solid coal replacement fuel and bio chemicals. The company recently completed construction of the first commercial plant following 10 years of technology development and verification. The company plans to utilize its patented technology by constructing, owning and operating a large number of production plants to accommodate the large demand for coal replacement fuels.

More information on www.arbaflame.no