Fjord Defence Group ASA – Cancellation of Subsequent Offering

Oslo, 26 June 2026:

Reference is made to the stock exchange announcements published by Fjord Defence Group ASA ("Fjord Defence Group" or the "Company") on 17 and 18 June 2026 regarding the successful private placement of 25,000,000 new shares in the Company (the "Offer Shares") at a price per Offer Share of NOK 16.50 (the "Offer Price"), raising gross proceeds to the Company of approx. NOK 412.5 million (the "Private Placement"), and a potential subsequent repair offering of up to 2,500,000 new shares in the Company (the "Subsequent Offering") at a subscription price equal to the Offer Price.

Following the announcement of the completion of the Private Placement on 18 June 2026, more than 1.1 million shares have been traded on Euronext Oslo Børs at or below the Offer Price, with a volume-weighted average price (VWAP) per share of NOK 16.35, i.e. below the Offer Price.

Accordingly, existing shareholders wishing to reduce the dilutive effect of the Private Placement has had sufficient opportunity to purchase shares in the market at prices at or below the Offer Price. On this basis, the board of directors of the Company has today resolved to cancel the Subsequent Offering.

For more 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.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.