Carbon Transition – Q3 2022 results

09 Nov 2022 07:00 CET

Oslo, 9 November 2022

EVENTS DURING THE QUARTER
• First multi-client late sale of USD 1.6 million from Gulf of Suez survey
o Significantly earlier than anticipated
o Data processing recently completed
• Fair value of multi-client library USD 31.9 million
• Fair value of investments of USD 11.1 million
o Includes new USD 2.0 million investment in Dolphin Drilling
• Repurchased USD 0.5 million own shares
• Cash earnings USD 1.2 million for the quarter
• Available liquid funds of USD 8.3 million*
• Net asset value NOK 1.97 per share

* Bank deposits, trade receivable, marketable securities less payable for
repurchase of own shares

A corresponding investor presentation will be held today at 08:30 CET (Norwegian
time) in the office premises at Askekroken 11, 0277 Oslo. The presentation is
open to the public.

A pre-recorded presentation of the results featuring Interim CEO and CFO, Nils
Haugestad, is available at www.carbn.no.

The third quarter 2022 report and presentation are available at Carbon
Transition’s web page (www.carbn.no) and Oslo Stock Exchange (www.newsweb.com).


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 other industries in listed companies as well as companies
expected to be listed in the near term. 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

More information:
Access the news on Oslo Bors NewsWeb site

575109_2022 Q3 Carbon Transition Earnings release .pdf
575109_2022 Q3 Carbon Transition Earnings presentation.pdf