Oslo, 26 October 2021 
 
Carbon Transition is pleased to announce that WOIMA Finland Oy, the developer
and supplier of the innovative wasteWOIMA® Waste-to-Energy power plants, has
signed a cooperation agreement with Carbon Transition's portfolio company CO2
Capsol AS, a developer of advanced carbon capture technology. The focus of the
strategic cooperation lies in the development and supply of small-scale modular
carbon capture solutions primarily in connection with the wasteWOIMA®
Waste-to-Energy power plant deliveries, or to existing CO2-generating processes.


On 12 October 2021, Carbon Transition announced that it had made a strategic
entry into the carbon capture market and made a significant investment in CO2
Capsol. See stock market announcement for more information:
https://newsweb.oslobors.no/message/544158.

"Carbon Transition is delighted that CO2 Capsol and WOIMA have announced a
cooperation agreement for the use of CO2 Capsol's technology in the large
Waste-to-Energy market. We are very excited to see that CO2 Capsol is rapidly
progressing and delivering new growth initiatives in line with our expectations
when investing in CO2 Capsol," says Gisle Grønlie, Chairman of the Board of
Carbon Transition ASA.

For further information about the joint WOIMA and CO2 Capsol announcement,
please see the attached joint press release for all details and contact
information.

For further information about Carbon Transition's investment in CO2 Capsol,
please contact:

Gisle Grønlie, Chairman of the Board
gisle.gronlie@magnoraasa.com
+47 917 51 194

Nils Haugestad, 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 both an ocean-bottom
seismic contract business and a multi-client data library.
More information on www.axxisgeo.com.