Fjord Defence Group ASA – Mandatory notifications of trade and disclosure of large shareholding: redelivery of share loans in the Private Placement

Oslo, 25 June 2026

Reference is made to the stock exchange announcements made by Fjord Defence Group ASA (the "Company") on 17 and 18 June 2026 regarding completion of a private placement raising gross proceeds of approximately NOK 412.5 million (the "Private Placement"). Reference is further made to the mandatory notifications of trade and disclosure of large shareholdings on 18 June 2026 due to the lending of in aggregate 25,000,000 shares in the Company (the "Borrowed Shares") by certain large existing shareholders (collectively, the "Share Lenders") to Pareto Securities AS, acting as settlement agent on behalf of the managers in the Private Placement, for the purpose of facilitating delivery of allocated shares in the Private Placement.

The Share Lenders included, among others, Frydenbø Marine AS, which lent 6,972,823 shares, Songa Capital AS, which lent 2,027,772 shares, AS Saturn, which lent 3,366,676 shares, and Tigerstaden AS, which lent 1,000,000 shares. Following registration of the share capital increase pertaining to the Private Placement with the Norwegian Register of Business Enterprises on 24 June 2026, Pareto Securities AS has redelivered the Borrowed Shares to the Share Lenders.

Disclosure of major shareholding – Redelivery of Borrowed Shares

Following redelivery of the respective Borrowed Shares and settlement of shares allocated to the respective Share Lenders, Frydenbø Marine AS' and Songa Capital AS' (the latter on a consolidated basis) respective shareholdings in the Company have exceeded the 5% threshold pursuant to section 4-2 of the Norwegian Securities Trading Act as set out below:

– Frydenbø Marine AS' shareholding in the Company is 6,972,823 shares (representing ~6.8953% of the issued shares and votes).

– Songa Capital AS' consolidated shareholding in the Company is 7,535,937 shares (representing ~7.4522% of the issued shares and votes) divided between the companies as set out below:

Legal entity Number of shares Percentage Songa Capital AS 6,934,599 6.8575% Songa X AS 460,416 0.4553% Songa Bulk Chartering AS 140,922 0.1394% SUM 7,535,937 7.4522%

Mandatory notifications of trade – Redelivery of Borrowed Shares

Of the Share Lenders, the following close associates of the Company's primary insiders have had their respective Borrowed Shares redelivered:

– AS Saturn, close associate of Jon Asbjørn Bø (CEO of the Company), has had 3,366,676 Borrowed Shares redelivered as settlement of the share loan;

– Tigerstaden AS, close associate of Ketil Skorstad (board member of the Company), has had 1,000,000 Borrowed Shares redelivered as settlement of the share loan.

Please see further details in the attached notifications of trade.

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 4-2 (3) of the Norwegian Securities Trading Act.