Fjord Defence Group ASA

Share Issue/Capital Change • May 28, 2025

Aquila Holdings ASA – Ex right to receive subscriptions rights in conditional subsequent repair offering today

Aquila Holdings ASA – Ex right to receive subscriptions rights in conditional subsequent repair offering today

Oslo, 28 May 2025,

Reference is made to the stock exchange announcement made by Aquila Holdings ASA ("Aquila") on 27 May 2025 regarding a conditional private placement (the "Private Placement") of new shares in Aquila, and the contemplated conditional subsequent repair offering of up to 12,500,000 new shares for the same subscription price as in the Private Placement (the "Subsequent Offering").

The shares in Aquila (Ticker: AQUIL) will be traded ex the right to receive subscription rights as of today, 28 May 2025.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the Oslo Rule Book II.

For further information, please contact:

Kristian Zahl, Interim CEO

kristian.zahl@aquilaholdings.no

+47 996 10 117