Fjord Defence Group ASA - Fjord Defence AS enters into new contract in a European NATO country – value approximately NOK 16.3 million

Oslo, 26 January 2026

Fjord Defence Group ASA is pleased to announce that its subsidiary Fjord Defence AS has signed a new contract with a customer in a NATO member country in Europe.

The contract has an approximate value of EUR 1.4 million (equivalent to approximately NOK 16.3 million at current exchange rates, subject to final adjustments). It covers a significant delivery of a unique product developed by Fjord Defence, which significantly improves the performance of ground-mounted machine guns. Deliveries will be done during 2026.

Harald Lunde, CEO of Fjord Defence AS, comments: “This new contract further confirms the strong demand for Fjord Defence’s unique and high-performance solutions. We are experiencing favourable market conditions in several European NATO countries, where our proprietary products are increasingly recognised for delivering superior performance and reliability in critical defence applications.”

The award of this contract demonstrates continued strong demand for Fjord Defence's proprietary and high-performance solutions in the international defence market.

For further information, please contact: Jon Asbjørn Bø, CEO Email: jon.asbjorn.bo@fjorddefence.com Phone: +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.