Fjord Defence Group ASA – Mandatory notification of trade: Share lending

19 Dec 2025 17:21 CET

Oslo, 19 December 2025

Reference is made to the stock exchange announcements made by Fjord Defence
Group ASA (the "Company") on 18 December 2025, regarding the resolution by the
extraordinary general meeting of the Company to approve the private placement of
13,333,333 new shares in the Company announced on 27 November 2025 (the "Private
Placement"), and the subsequent disclosure of major shareholdings and share
lending in connection with the Private Placement.

To facilitate delivery-versus-payment (DVP) settlement of shares allocated to
the investors in the Private Placement, AS Saturn, a close associate of the CEO
and primary insider Jon Asbjørn Bø, has today lent a total of 2,894,823 existing
shares in the Company already admitted to trading on Euronext Oslo Børs to
Pareto Securities AS, acting as settlement agent on behalf of the managers in
the Private Placement, pursuant to a share lending agreement.

See the enclosed form for further details about the transaction.

For more information please contact:

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

* * *

This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation (EU) 596/2014 (MAR) article 19 number 3 and section 5-12
of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

662579_Fjord Defence Group ASA - Disclosure of transactions by PCAs (2025-12-19).pdf