Fjord Defence Group ASA

Director's Dealing • Dec 18, 2025

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	AS Saturn
2	Reason for the notification
a)	Position/status	Close associate of Jon Asbjørn Bø (CEO)
b)	Initial notification or amendment	Initial notification
3	monitor		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
a)	Name	Fjord Defence Group ASA
b)	LEI code	5967007LIEEXZXKC2G83
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Shares
	Identification code	— ISIN NO 0013647693
b)	Type of transaction	Subscription
c)	Price(s) and volume(s)	(i) Price(s) (ii) Volume(s)
		NOK 12.00	166,666
d)	Aggregated information
	— Aggregated volume	– 166,666 shares
	— Price	– NOK 1,999,992.00
e)	Date of the transaction	2025-12-18
f)	Place of the transaction	XOFF – Outside of trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mack Holding AS
2	Reason for the notification
a)	Position/status	Close associate of Kristian Zahl (COO)
b)	Initial notification or amendment	Initial notification
3	monitor		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
a)	Name	Fjord Defence Group ASA
b)	LEI code	5967007LIEEXZXKC2G83
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Shares
	Identification code	— ISIN NO 0013647693
b)	Type of transaction	Subscription
c)	Price(s) and volume(s)	(i) Price(s) (ii) Volume(s)
		NOK 12.00	98,720
d)	Aggregated information
	— Aggregated volume	– 98,720 shares
	— Price	– NOK 1,184,640.00
e)	Date of the transaction	2025-12-18
f)	Place of the transaction	XOFF – Outside of trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Finance Interims ToDo AS
2	Reason for the notification
a)	Position/status	Close associate of Øyvind Mølmann (CFO)
b)	Initial notification or amendment	Initial notification
3	monitor		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
a)	Name	Fjord Defence Group ASA
b)	LEI code	5967007LIEEXZXKC2G83
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Shares
	Identification code	— ISIN NO 0013647693
b)	Type of transaction	Subscription
c)	Price(s) and volume(s)	(i) Price(s) (ii) Volume(s)
		NOK 12.00	98,720
d)	Aggregated information
	— Aggregated volume	– 98,720 shares
	— Price	– NOK 1,184,640.00
e)	Date of the transaction	2025-12-18
f)	Place of the transaction	XOFF – Outside of trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tigerstaden Marine AS
2	Reason for the notification
a)	Position/status	Close associate of Ketil Skorstad (member of the board of directors)
b)	Initial notification or amendment	Initial notification
3	monitor		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
a)	Name	Fjord Defence Group ASA
b)	LEI code	5967007LIEEXZXKC2G83
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Shares
	Identification code	— ISIN NO 0013647693
b)	Type of transaction	Subscription
c)	Price(s) and volume(s)	(i) Price(s) (ii) Volume(s)
		NOK 12.00	833,333
d)	Aggregated information
	— Aggregated volume	– 833,333 shares
	— Price	– NOK 9,999,996.00
e)	Date of the transaction	2025-12-18
f)	Place of the transaction	XOFF – Outside of trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tigergutt Invest AS
2	Reason for the notification
a)	Position/status	Close associate of Ketil Skorstad (member of the board of directors)
b)	Initial notification or amendment	Initial notification
3	monitor		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
a)	Name	Fjord Defence Group ASA
b)	LEI code	5967007LIEEXZXKC2G83
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Shares
	Identification code	— ISIN NO 0013647693
b)	Type of transaction	Subscription
c)	Price(s) and volume(s)	(i) Price(s) (ii) Volume(s)
		NOK 12.00	83,333
d)	Aggregated information
	— Aggregated volume	– 83,333 shares
	— Price	– NOK 999,996.00
e)	Date of the transaction	2025-12-18
f)	Place of the transaction	XOFF – Outside of trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Alundo Invest AS
2	Reason for the notification
a)	Position/status	Close associate of Ketil Skorstad (member of the board of directors)
b)	Initial notification or amendment	Initial notification
3	monitor		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
a)	Name	Fjord Defence Group ASA
b)	LEI code	5967007LIEEXZXKC2G83
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Shares
	Identification code	— ISIN NO 0013647693
b)	Type of transaction	Subscription
c)	Price(s) and volume(s)	(i) Price(s) (ii) Volume(s)
		NOK 12.00	208,333
d)	Aggregated information
	— Aggregated volume	– 208,333 shares
	— Price	– NOK 2,499,996.00
e)	Date of the transaction	2025-12-18
f)	Place of the transaction	XOFF – Outside of trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Leoville AS
2	Reason for the notification
a)	Position/status	Close associate of Ketil Skorstad (member of the board of directors)
b)	Initial notification or amendment	Initial notification
3	monitor		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
a)	Name	Fjord Defence Group ASA
b)	LEI code	5967007LIEEXZXKC2G83
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Shares
	Identification code	— ISIN NO 0013647693
b)	Type of transaction	Subscription
c)	Price(s) and volume(s)	(i) Price(s) (ii) Volume(s)
		NOK 12.00	41,667
d)	Aggregated information
	— Aggregated volume	– 41,667 shares
	— Price	– NOK 500,004.00
e)	Date of the transaction	2025-12-18
f)	Place of the transaction	XOFF – Outside of trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Boolean AS
2	Reason for the notification
a)	Position/status	Karl Sivert Skatland (deputy board member of the Company)	Close associate of Ketil Skorstad (member of the board of directors) and
b)	Initial notification or amendment	Initial notification
3	monitor		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
a)	Name	Fjord Defence Group ASA
b)	LEI code	5967007LIEEXZXKC2G83
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Shares
	Identification code	— ISIN NO 0013647693
b)	Type of transaction	Subscription
c)	Price(s) and volume(s)	(i) Price(s) (ii) Volume(s)
		NOK 12.00	41,667
d)	Aggregated information
	— Aggregated volume	– 41,667 shares
	— Price	– NOK 500,004.00
e)	Date of the transaction	2025-12-18
f)	Place of the transaction	XOFF – Outside of trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tigerstate Capital AS
2	Reason for the notification
a)	Position/status	Close associate of Ketil Skorstad (member of the board of directors)
b)	Initial notification or amendment	Initial notification
3	monitor		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
a)	Name	Fjord Defence Group ASA
b)	LEI code	5967007LIEEXZXKC2G83
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Shares
	Identification code	— ISIN NO 0013647693
b)	Type of transaction	Subscription
c)	Price(s) and volume(s)	(i) Price(s) (ii) Volume(s)
		NOK 12.00	41,667
d)	Aggregated information
	— Aggregated volume	– 41,667 shares
	— Price	– NOK 500,004.00
e)	Date of the transaction	2025-12-18
f)	Place of the transaction	XOFF – Outside of trading venue