Oslo, 18 August 2022

The extraordinary general meeting of Carbon Transition ASA was held today. The
proposed resolutions were adopted with the requisite majority. In connection
with the general meeting, the company's shareholders have elected Mr Ketil
Skorstad as a new member of the board of directors. Ms Nina Skage has been
appointed chairperson and Mr Torstein Sanness will continue his position as
board member. The new board, together with management, will commence a review of
the company's strategy.

Please see the attached copy of the minutes from the meeting.

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 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.