Fjord Defence Group ASA – Successful completion of acquisition of PartnerTech Karlskoga Aktiebolag

Oslo, 26 August 2026

Reference is made to the stock exchange announcement made by Fjord Defence Group ASA ("Fjord Defence Group" or the "Company") on 17 June 2026 regarding inter alia the Company's agreement to acquire 100% of the shares in PartnerTech Karlskoga Aktiebolag ("PartnerTech") from Permec Group AB (the "Seller") (the "Acquisition").

The Company is pleased to announce that the Acquisition has been successfully completed today. As authorised by the Company's extraordinary meeting held on 10 July 2026, the board of directors has today resolved to increase the share capital and issue a total of 14,998,382 new shares in the Company to the Seller and 767,959 new shares to certain key individuals of PartnerTech, each at a subscription price of NOK 16.50 per share (collectively, the "Consideration Shares"), as part settlement of the consideration payable by the Company in the Acquisition. The final number of Consideration Shares issued to certain key individuals of PartnerTech is 7 shares lower than indicated in the Company's stock exchange announcement of 24 August 2026 regarding the approval and publication of a prospectus.

The Consideration Shares will be subject to lock-up, with 50% of the Consideration Shares being released after 12 months and the remaining 50% after 24 months, calculated from the date of completion of the Acquisition (i.e. from 26 August 2026).

Following registration of the share capital increase pertaining to the issuance of the Consideration Shares, the Company's new share capital will be NOK 981,876,252.00, divided into 116,890,030 shares, each with a par value of NOK 8.40.

For further details about the Acquisition, please refer to the Company's stock exchange announcements of 17 and 19 June 2026 and 24 August 2026.

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 and the Oslo Rule Book II – Issuer Rules.