Update on revenue from seismic business

19 Jun 2025 07:00 CEST

Oslo, 19 June 2025
Aquila Holdings ASA is pleased to announce that it has entered into agreements
expected to generate aggregate revenues of approximately USD 880,000 from its
seismic business. This revenue has no associated direct costs. The revenue will
be recognized in the second quarter of 2025 and reflects the steady demand for
Aquila’s 3D ocean bottom node seismic multi-client data.

We view this development as a positive step in strengthening our financial
performance and advancing our new strategic objectives. With key seismic
multi-client assets in Norway and Egypt, Aquila Holdings remains well-positioned
to meet the needs of the energy sector and deliver value to our shareholders.

For further information, please contact: Kristian Zahl CEO (interim)
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

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

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