Fjord Defence Group ASA – Successful completion of acquisition of Scanfiber Composites A/S

Oslo, 25 February 2026

Reference is made to the stock exchange announcement made by Fjord Defence Group ASA (the "Company") on 26 November 2025 regarding the Company's acquisition of 100% of the shares of Scanfiber Composites A/S ("Scanfiber") from EBC Holding A/S, EBC Family Invest ApS, and Mytt Holding Aps (together, the "Sellers") (the "Acquisition").

The Company is pleased to announce that the Acquisition has been successfully completed today. As authorised by the Company's extraordinary general meeting held on 18 December 2025, the board of directors has today, 25 February 2026, resolved to issue 6,870,673 new shares in the Company to the Sellers at a subscription price of NOK 12.00 per share (the "Consideration Shares"), as part settlement of the consideration payable by the Company in the Acquisition. The Consideration Shares will be subject to a lock-up, with 50% of the Consideration Shares being released after 12 months, and the remaining 50% after 24 months, calculated from the date of completion of the Acquisition (i.e. from 25 February 2026).

Following registration of the share capital increase pertaining to the issuance of the Consideration Shares, the Company's share capital will be NOK 535,378,905.60, divided into 63,735,584 shares, each with a par value of NOK 8.40.

For further details about the Acquisition, please refer to the Company's stock exchange announcements of 26 and 27 November 2025 and 14 January 2026.

For further information, please contact: Jon Asbjørn Bø, CEO jon.asbjorn.bo@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.