Fjord Defence Group ASA - Changes to the Board to support the growth story within the defence industry

Oslo, 30 April 2026 The Nomination Committee of Fjord Defence Group ASA ("Fjord Defence Group" or the "Company") has today submitted its recommendation for the election of the Board of Directors to be resolved at the Company’s upcoming Annual General Meeting. The proposed changes to the Board composition reflect a commitment to execute on the company’s clear strategy of both organic & inorganic growth within the defence industry. The new Board brings a strong combination of international defence industry expertise, security policy insight, legal expertise, M&A and capital markets proficiency to the Company:

• Niels Ihloff, Chair of the board (New) • Emilie Mehl, Board Member (New) • Ketil Skorstad, Board Member (Re-elected) • Karl Sivert Skatland, Personal Deputy to Ketil Skorstad (Re-elected)

Niels Ihloff 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 contracts 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 Former Member of Parliament and Minister of Justice and Public Security of Norway. As minister (2021-25), 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 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.

Board Transitions Nina Skage, who has served since 2019 and as Chair since 2022, and Torstein Sanness, who joined the board in 2021, have informed the Nomination Committee of their decision to step down. Both have been instrumental throughout the company’s transformational journey and its repositioning within the defence industry. The Committee respects their decision as a natural transition and expresses its sincere gratitude to both Nina Skage and Torstein Sanness for their significant contributions, leadership, and dedication during their tenure.

The full recommendation, including detailed biographies of the proposed candidates, will be available on the Company’s website together with the notice of the Annual 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