Fjord Defence Group ASA – Minutes of Annual General Meeting

Oslo, 21 May 2026

The annual general meeting of Fjord Defence Group ASA (the "Company") was held today, 21 May 2026, at 10:00 CEST (the "AGM"). The AGM was held as a digital meeting via Microsoft Teams.

All agenda items were approved in accordance with the board of directors' (the "Board") proposals set out in the notice of the general meeting. The resolutions passed include, inter alia: – Approval of the annual accounts and the Board's report for 2025 – Election of members to the Board and the nomination committee – Board authorisations to increase the Company's share capital by issue of new shares – A Board authorisation to acquire the Company's own shares

Niels Ihloff was elected as new chair of the Board, and Emilie Mehl was elected as new Board member. Ketil Skorstad was re-elected as Board member, with Karl Sivert Skatland as personal deputy for Ketil Skorstad. The Board will thus consist of Niels Ihloff (chair), Emilie Mehl, Ketil Skorstad and Karl Sivert Skatland (personal deputy for Ketil Skorstad) for the period until the annual general meeting in 2027. In addition, the AGM elected members to the nomination committee for the same period. Please see below for more information on the elected Board members.

Niels Ihloff, chair of the Board Former Managing Director/CEO of Heckler & Koch, a leading manufacturer of small arms for NATO and EU countries. At Heckler & Koch, Mr. Ihloff held executive responsibility for the company's main manufacturing facility and headquarters in Germany as well as board oversight of its subsidiaries in France, the United Kingdom and the United States of America. Mr. Ihloff brings first-hand experience of defence contract awards and deliveries, technology transfer and industrial co-operation projects. As a former chief export control officer, Mr. Ihloff also held responsibility for regulatory compliance. Educated in England, Mr. Ihloff originally qualified and practised as a solicitor/corporate lawyer before joining the defence industry.

Emilie Mehl, Board member Former Member of Parliament and Minister of Justice and Public Security of Norway. As minister (2021-2025), Ms. Mehl held executive responsibility for national security, law enforcement and the polar areas, and led Norway's civil crisis response during radical shifts in the security landscape. Currently completing a Master of Business Administration at INSEAD in France and Singapore, she holds a Master of Laws and brings broad experience and network at the intersection of security policy, defence and international public affairs.

Ketil Skorstad, Board member Ketil Skorstad is the founder and owner of Tigerstaden AS. He has an established track record in the Nordic financial markets, with experience spanning mergers and acquisitions, public listings, financing, and capital allocation. In addition to his executive role, Mr. Skorstad serves on several boards, including as Chairman of Tigerstaden AS and as a board member of Veslefrikk Eiendom AS. He brings to the Board a broad financial network, transaction experience, and a disciplined approach to capital allocation and strategic decision-making.

As a re-elected member, Mr. Skorstad provides valuable continuity and a deep understanding of the Company’s strategic transition, ensuring stability within the Board during this period of growth.

The minutes of the AGM are attached hereto and will also be made available on the Company's investor relations website at: https://www.fjorddefencegroup.com/investors#general-meeting.

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.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the Oslo Rule Book II.