NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTOTHE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS COMMUNICATION.Carbon Transition ASA (the "Company") hereby launches an offer to all shareholders in the Company to buy back up to 10,000,000 shares in the Company at a price ofNOK 1.15 per share. The Company reserves the right to buy back a smaller number of shares than the maximum number set out above or to not buy back any shares at all. The acceptance period commences immediately and will close at 18:30 (CET) on8 March 2023 at the latest. The Company reserves the right to close the acceptance period earlier and on short notice. Shareholders who wish to sell their shares can callPareto Securities AS on +47 22 87 87 50. In the event that the total number of received acceptances exceeds 10,000,000 shares, the Company will determine criteria for the allocation of the acceptances in accordance with the best interest of the Company and the equal treatment of the shareholders. Allocation and pricing will take place before 09:00 (CET) on9 March 2023 . The trade date will be9 March 2023 and settlement will take place on13 March 2023 . Settlement is for each selling shareholder conditional on such selling shareholder being or becoming registered as a customer ofPareto Securities AS . For further information, please contact:Nils Haugestad Interim CEO & CFO nils.haugestad@carbn.no +47 977 04 439 *** The offer and the distribution of this announcement and other information in connection with the offer may be restricted by law in certain jurisdictions. The Company does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. The offer is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of,the United States of America , its territories and possessions, anyState of the United States and theDistrict of Columbia (the "United States "). This includes, but is not limited to, facsimile transmission, internet delivery, e-mail, telex and telephones. Accordingly, copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or intothe United States and so doing may invalidate any purported acceptance. The Company considers that the information included in this announcement constitutes inside information pursuant to article 7 of Regulation (EU) no. 596/2014 (the "Market Abuse Regulation") and this information is publicly disclosed in accordance with article 17 of the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act. The announcement was published by the contact person indicated above at16:30 CET on8 March 2023 . AboutCarbon Transition Carbon Transition ASA ("CARBN") is an investment company listed on Euronext Expand. CARBN comprises an OBN multi-client company and an investment arm. The company may invest broadly in listed companies as well as companies expected to be listed in the near term. More information on www.carbn.no
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