Fjord Defence Group ASA - Key information relating to reverse share split and change of ISIN

Oslo, 22 September 2025

Reference is made to the stock exchange announcement made by Fjord DefenceGroupASA (the "Company") earlier today regarding the extraordinary general meetingofthe Company resolving inter alia to carry out a reverse share split (shareconsolidation) in the ratio of 12:1. In connection with the reverse sharesplit,the Company's shares will also be transferred to a new ISIN.

Key information related to the reverse share split and change of ISIN:

o Date on which the corporate action was made public: 1 September 2025o Reverse split ratio: 12:1, i.e. twelve (12) old shares give one (1) newshareo Last day including the right: 23 September 2025o Ex. date: 24 September 2025o Record date: 25 September 2025o New ISIN: NO 001 3647693o Date of ISIN change: 24 September 2025*o Rounding rules: Rounded downwards**o Date of approval: 22 September 2025

* The shares in Tranche 2 of the private placement completed on 20 June 2025will continue to be placed on a separate temporary ISIN pending approval bytheFinancial Supervisory Authority of Norway and publication of a prospectus (the"Prospectus") and registration of the reverse share split, expected before endof Q3 2025. The consideration shares issued to the sellers of the shares inFjord Defence AS on 20 June 2025 will continue to be placed on a separatetemporary ISIN pending approval and publication of the Prospectus and EuronextOslo Børs' approval of the Company's application to transfer the listing ofitsshares from Euronext Expand to Euronext Oslo Børs (main board), expectedbeforeend of October 2025.

** Shareholders who do not own a number of shares which can be divided by 12will in connection with the reverse share split have their shareholdingsroundeddownwards. Fractional shares will not be issued, and shareholders will notreceive any compensation for the rounding. The general meeting has resolvedthatfractional shares shall be added together to whole shares and sold at EuronextExpand, with the net proceeds from the sale being donated to charity asdetermined by the board. Shareholders that wish to avoid having theirshareholding rounded downwards must ensure that they hold a number of sharesinthe Company dividable by 12 as of the record date for the reverse share split.

For further information, please contact:Jon Asbjørn Bø, CEOjab@fjorddefence.com +47 930 86 932

About Fjord Defence Group ASA

Fjord Defence Group ASA, "DFENS" is a Norwegian "compounder" listed onEuronextExpand seeking to acquire and develop fast-growing, profitable, and well-runcompanies in the defence industry. The company has a buy & build strategy,withfocus on acquiring established, profitable businesses within the defence,security and related segments. More information on www.fjorddefencegroup.com.

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This information is subject to the disclosure requirements pursuant to section5-12 of the Norwegian Securities Trading Act and Oslo Rulebook II, IssuerRules.

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