Oslo ,10 May 2023 ANNOUNCES NEW NAME - AQUILA HOLDINGS o The company announces its new name,Aquila Holdings , following its change of strategy o The company will hold its Annual General Meeting on24 May 2023 , where the board of directors has proposed to change the company name accordingly EVENTS DURING THE QUARTER o Fair value of multi-client libraryUSD 35.9 million o Fair value of investment portfolioUSD 7.6 million o Net gain ofUSD 0.8 million o Revenue from reprocessing Utsira representedUSD 2.4 million and from multi-client late sales UtsiraUSD 0.5 million o Available liquid funds ofUSD 13.0 million * o Cash earningsUSD 0.3 million for the quarter o Net asset valueNOK 2.15 per share * Bank deposits, trade receivable and marketable securities A corresponding investor presentation will be held today at08:30 CET (Norwegian time) 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 , is available at www.carbn.no. The first quarter 2023 report and presentation will be available atCarbon Transition ASA (www.carbn.no) andOslo Stock Exchange (www.newsweb.com). For further information, please contact:Nils Haugestad Interim CEO & CFO nils.haugestad@carbn.no +47 977 04 439 AboutCarbon Transition Carbon Transition ASA ("CARBN") is an investment company listed on Euronext Expand. CARBN comprises an OBN multi-client company and an investment arm. The company may invest broadly in listed companies as well as companies expected to be listed in the near term. More information on www.carbn.no
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