Fjord Defence Group ASA

Report Publication Announcement • May 3, 2022

Carbon Transition – Q1 2022 results

Carbon Transition – Q1 2022 results

Oslo, 3 May 2022

Carbon Transition ASA will release its first quarter results at 07:00 CET on Wednesday, 11 May 2022 CET (Norwegian time).

A corresponding investor presentation is scheduled for 08:30 CET (Norwegian time) the same day in the office premises at Askekroken 11, 0277 Oslo. The presentation is open to the public.

A pre-recorded presentation of the results featuring Interim CEO and CFO, Nils Haugestad, will be available at www.carbn.no.

The first quarter 2022 report and presentation will be available at Carbon Transition’s web page (www.carbn.no) and Oslo Stock Exchange (www.newsweb.com).

For further information, please contact:

Nils Haugestad

Interim CEO & CFO

nils.haugestad@carbn.no

+47 977 04 439

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 a multi-client seismic data library.

More information on www.carbn.no.

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