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Regulatory press release

CARBN: Shareholder Disclosure Notification

Fjord Defence Group
On 27th of September 2022, Middelborg Invest AS sold 11,125,057 shares in Carbon
Transition ASA. After the transaction Middelborg Invest AS' holdings of shares
is zero. Middelborg Invest AS still holds rights to 3,745,000 shares through
forward contracts in Carbon Transition ASA. The transaction brings Middelborg
Invest AS' holding of shares and rights to shares from 6.2% to 1.56% of the
outstanding shares.
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