Fjord Defence Group ASA

Major Shareholding Notification • Dec 19, 2025

Fjord Defence Group ASA – Mandatory notification of trade: Share lending

Fjord Defence Group ASA – Mandatory notification of trade: Share lending

Oslo, 19 December 2025

Reference is made to the stock exchange announcements made by Fjord Defence Group ASA (the "Company") on 18 December 2025, regarding the resolution by the extraordinary general meeting of the Company to approve the private placement of 13,333,333 new shares in the Company announced on 27 November 2025 (the "Private Placement"), and the subsequent disclosure of major shareholdings and share lending in connection with the Private Placement.

To facilitate delivery-versus-payment (DVP) settlement of shares allocated to the investors in the Private Placement, AS Saturn, a close associate of the CEO and primary insider Jon Asbjørn Bø, has today lent a total of 2,894,823 existing shares in the Company already admitted to trading on Euronext Oslo Børs to Pareto Securities AS, acting as settlement agent on behalf of the managers in the Private Placement, pursuant to a share lending agreement.

See the enclosed form for further details about the transaction.

For more information please contact:

Jon Asbjørn Bø

jab@fjorddefence.com

+47 930 86 932

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This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation (EU) 596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities Trading Act.