Oslo, 30 May 2025

Reference is made to the stock exchange announcement made by Aquila Holdings ASA
("Aquila") on 27 May 2025 regarding Aquila's contemplated acquisition of between
99% and 100% of the shares in Fjord Defence AS, with partly consideration in new
shares in Aquila (the "Acquisition"), the successful placement and conditional
allocation of 75 million new shares in Aquila to raise gross proceeds of NOK 60
million (the "Private Placement"), and a potential subsequent offering of up to
12.5 million new shares in Aquila (the "Subsequent Offering").

Aquila hereby calls for an extraordinary general meeting to be held on Friday,
20 June 2025 at 10:00 CEST in relation to the Acquisition, the Private
Placement, and the Subsequent Offering. The general meeting will be held at the
offices of Wikborg Rein Advokatfirma AS in Dronning Mauds gate 11, 0250 Oslo,
Norway. Registration of attendees will begin at 09:30 CEST. 

The notice of the general meeting is attached to this announcement and will,
together with the registration and proxy form and other appendices, also be made
available on Aquila's website, www.aquilaholdings.no.

Aquila encourages shareholders to either vote electronically in advance or
submit proxy forms prior to the meeting. Advance votes may be registered through
the Company's website www.aquilaholdings.no (use ref.nr and pin code included in
the notice) or through VPS Investor Services. In VPS Investor Services, select
Corporate Actions - General Meeting - ISIN. If you are not able to register
electronically, you may send the form attached as Appendix 2 to the notice by
e-mail to genf@dnb.no, or by regular mail to DNB Bank ASA, DNB Carnegie Issuer
and Investor Services, P.O. Box 1600 Sentrum, 0021 Oslo, Norway. Further
instructions are included in the attached notice.

To register your attendance, please register through the Company's website
www.aquilaholdings.no or through VPS Investor Services. 

The Company will arrange for shareholders to be able to call in to the general
meeting and as such participate in the meeting. Votes cannot be cast over
telephone. Shareholders who wish to dial in to the general meeting are asked to
send an e-mail to info@aquilaholdings.no to receive dial-in details.

Shareholders receiving the paper version of the notice of the general meeting
are encouraged to accept electronic communication through VPS Investor Services.

For further information, please contact: 

Kristian Zahl, Interim CEO
kristian.zahl@aquilaholdings.no
+47 996 10 117

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. Subject to completion of the acquisition of Fjord Defence
AS, the company will be repositioned as a compounder seeking to acquire and
develop fast-growing, profitable, and well-run companies in the defence
industry, and change its name to "Fjord Defence Group ASA". For more
information, please see the announcement of 27 May 2025. 

* * *

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the Oslo Rule Book II.