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Regulatory press release

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

Fjord Defence Group
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.
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