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Regulatory press release

CARBN: Carbon Transition announces completion of closing conditions related to the divestiture of its seismic node on a rope business

Fjord Defence Group
Oslo, 1 April 2022

Further to the announcement on 3 March 2022
(https://newsweb.oslobors.no/message/555462) where Carbon Transition informed of
the agreement to sell its seismic node on a rope business to Magseis Fairfield
ASA, the company is pleased to report that all closing conditions to the
agreement have been satisfied and the transaction has been completed.

For further information, please contact:

Nils Haugestad, Interim CEO & CFO
nils.haugestad@carbn.no
+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 a multi-client
seismic data library.

More information on www.carbn.no