Fjord Defence Group ASA – Mandatory notification of trade

22 Sep 2025 12:50 CEST

Oslo, 22 September 2025

Reference is made to the stock exchange announcement made by Fjord Defence Group
ASA (the "Company") earlier today regarding the extraordinary general meeting
resolving to carry out a reverse share split in the ratio 12:1 and a share
capital increase of NOK 9.10 to facilitate the reverse share split.

Tigerstaden AS, a close associate of board member and primary insider Ketil
Skorstad, has subscribed for 13 new shares in the Company at a subscription
price of NOK 1.26 per share. The subscription price equals the closing share
price on Euronext Expand the trading day preceding the date of the notice of the
general meeting.

See the enclosed form for further details.

This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation (EU) 596/2014 (MAR) article 19 number 3.

More information:
Access the news on Oslo Bors NewsWeb site

655879_2025 09 22 Foxtrot - Attachment to mandatory notification of trade - Tigerstaden.pdf