Fjord Defence Group ASA – New share capital and reverse share split registered

23 Sep 2025 10:06 CEST

Oslo, 23 September 2025

Reference is made to the stock exchange announcements made by Fjord Defence
Group ASA (the "Company") on 22 September 2025 regarding the extraordinary
general meeting's resolution to carry out a reverse share split in the ratio
12:1, including the key information published in connection therewith, and the
share capital increase of NOK 9.10 to facilitate the reverse share split.

The share capital increase and the reverse share split have today been
registered with the Norwegian Register of Business Enterprises:

– Share capital (new): NOK 339,415,263.60
– Total number of shares (new): 40,406,579
– Par value of each share (new): NOK 8.40

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
Expand 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.

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This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and Oslo Rulebook II, Issuer Rules.

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