Fjord Defence Group ASA

Regulatory Filings • Dec 10, 2025

Fjord Defence Group - Scanfiber Composites secures NOK 8,85 million order for advanced spall liners to enhance NATO armored vehicle protection

Fjord Defence Group - Scanfiber Composites secures NOK 8,85 million order for advanced spall liners to enhance NATO armored vehicle protection

Reference is made to the stock exchange announcement made by Fjord Defence Group ASA ("Fjord Defence Group" or the "Company") on 27 November 2025 regarding an agreement to acquire all outstanding shares in Scanfiber Composites A/S, a leading specialist in ultralight ballistic protection composites for defense applications. Scanfiber Composites A/S is pleased to announce that it has received a significant order for Spall Liners designed for Armored Personnel Carriers (APCs) and Scout Vehicles. The order, valued at NOK 8,85 million, has been placed by a NATO member country, underscoring the Company's growing role in supplying critical protective solutions to allied forces.

This contract highlights Scanfiber's expertise in developing lightweight, high-performance composite materials that mitigate spall fragments from ballistic impacts, significantly enhancing occupant safety without compromising vehicle mobility. Deliveries are scheduled to commence in late summer 2026 and will continue through autumn 2027, aligning with the customer's operational timelines.

As a trusted provider of innovative ballistic protection systems, Scanfiber continues to expand its footprint in the European and NATO defense markets. This order builds on the Company's proven track record of delivering reliable, NATO-compliant solutions that meet stringent performance standards.

CEO Jon Asbjørn Bø, of Fjord Defence Group ASA, comments: "This order represents a key milestone in our commitment to supporting NATO allies with cutting-edge protective technologies. The selection of our Spall Liners for these vital vehicles demonstrates the confidence our customers place in Scanfiber's engineering excellence and rapid deployment capabilities. We anticipate this to pave the way for further opportunities in the armored vehicle sector."

Scanfiber Composites A/S remains well-positioned to capitalize on increasing global demand for advanced defense composites, driven by heightened security needs.

For further information, please contact:

Jon Asbjørn Bø, CEO

jab@fjorddefence.com

+47 930 86 932

ABOUT FJORD DEFENCE GROUP ASA Fjord Defence Group ASA ("DFENS") is a Norwegian "compounder" listed on Euronext Oslo Børs seeking to acquire and develop fast-growing, profitable, and well-run companies in the defence industry. The company has a buy & build strategy, with focus on acquiring established, profitable businesses within the defence, security and related segments. More information on www.fjorddefencegroup.com.