Lysaker, 19 July 2021

Reference is made to the stock exchange announcement by Carbon Transition ASA
(in the process of changing the company name from Axxis Geo Solutions ASA) (the
"Company") on 12 July 2021 regarding the final results of the subsequent
offering carried out by the Company (the "Subsequent Offering").
The share capital increase pertaining to the Subsequent Offering has now been
registered in the Norwegian Register of Business Enterprises (Nw.
Foretaksregisteret). The Company's new share capital is NOK 212,822,047.60,
divided into 2,128,220,476 shares, each with a nominal value of NOK 0.10. The
new shares issued in connection with the Subsequent Offering will be listed and
tradable on Euronext Expand today.

Contacts
Bjørn Gisle Grønlie, Chairman 
gisle.gronlie@gmail.com
+ 47 917 51 194

Ronny Bøhn, CEO
Ronny.Bohn@axxisgeo.com
+47 905 58 517

Nils Haugestad, CFO
Nils.Haugestad@axxisgeo.com
+47 977 04 439

About Carbon Transition ASA (in the process of changing the company name from
Axxis Geo Solutions ASA)
Carbon Transition ASA ("CT") is an investment company listed on EURONEXT EXPAND
OSLO. CT has a focus towards investing in companies and technologies engaged in
the "energy transition" area, which contribute to significant reductions of
carbon emissions. CT may also invest more broadly in the "energy transition"
space. CT has a legacy OBN seismic business operating under the name Axxis Geo
Solutions, with both a node-technology seismic contract business, and a
multiclient library. This business unit is categorized as an investment, and
revenues generated from this business unit may be invested in the "energy
transition" area. 
More information on www.axxisgeo.com

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.