Fjord Defence Group ASA – Disclosure of major shareholding

Oslo, 26 February 2026

Reference is made to the stock exchange announcement made by Fjord Defence Group ASA (the "Company") on 25 February 2026 regarding the successful completion of the Acquisition (as defined therein), including the board of directors' resolution to issue 6,870,673 new shares in the Company to be used as part settlement of the consideration payable by the Company to the Sellers (as defined therein) in the Acquisition (the "Consideration Shares"), and earlier today regarding the registration of the share capital increase pertaining to the issuance of the Consideration Shares.

GKI AS holds 2,969,654 shares in the Company, which prior to the registration of the share capital increase pertaining to the issuance of the Consideration Shares represented ~5.22% of the issued shares and votes. Due to the increase of the total issued shares and votes in the Company following the share capital increase and issuance of the Consideration Shares, as of today, 26 February 2026, the 2,969,654 shares held by GKI AS represents ~4.69% of the issued shares and votes in the Company, thus falling below the 5% threshold pursuant to section 4-2 of the Norwegian Securities Trading Act. GKI AS have no rights to further shares or votes in the Company. GKI AS is ultimately controlled by Gudmund Kjærheim.

For further information, please contact:

Jon Asbjørn Bø, CEO jab@fjorddefence.com +47 930 86 932

This information is subject to the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.