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    CARBN   NO0010778095


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Carbon Transition converts convertible loan position in Arbaflame AS to common shares

01/11/2022 | 01:00am EDT
Oslo, 11 January 2022

Reference is made to the company's announcement of 7 July 2021
(https://newsweb.oslobors.no/message/537646) regarding its investment of NOK 30
million in a convertible loan to Arbaflame AS. The company is pleased to
announce that is has agreed to convert its convertible loan position to common
shares in Arbaflame. In connection with the conversion, the company will receive
a 4% premium to its initial investment plus accrued interest.

Following the conversion, Arbaflame will have reduced its convertible loans from
NOK 316.0 million to NOK 3.7 million.  Carbon Transition holds 3.9 million
shares in Arbaflame or approximately 4.7% on a fully diluted basis. The newly
issued shares have now been registered.

For further information, please contact:
Nils Haugestad, Interim CEO and CFO
+47 977 04 439

About Carbon Transition ASACarbon 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 the "energy transition" space. CARBN has a legacy seismic
business operating under the name Axxis Geo Solutions, with both an ocean-bottom
seismic contract business and a multi-client data library.
More information on www.carbn.no

About Arbaflame AS 
Arbaflame recycles biowaste from sustainable forestry into renewable energy and
biochemicals. The company neutralizes coal plants used for balancing power by
replacing coal with ArbacoreTM pellets from residual waste (sawdust) from
sawmills practicing sustainable forestry. Arbaflame owns the patent covering the
steam explosion technology and have developed exclusive and confidential
know-how on how to make it work. Arbaflame has built unique experience from
extensive full-scale co-firing tests of its ArbaCoreTM pellets to replace coal
at several coal fired power plants worldwide. As byproducts from the production
process, Arbaflame is also developing chemicals used in bioplastics, food
flavoring, polymers, solvents, and fish feed.
More information on www.arbaflame.no

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials (USD)
Net income
Net Debt
P/E ratio
Capitalization 27,6 M 27,8 M -
EV / Sales -1
EV / Sales 0
Nbr of Employees 9
Free-Float 41,2%
Duration : Period :
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Managers and Directors
Nils Christian Haugestad Chief Executive & Financial Officer
Bjorn Gisle Gronlie Executive Chairman
Rick Dunlop Executive Vice President-Operations
Nina Skage Director
Torstein Sanness Director