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Regulatory press release

Fjord Defence Group ASA - Mandatory notifications of trade

Fjord Defence Group
Finance Interims ToDo AS, a close associate of CFO and primary insider Øyvind
Mølmann, has on 18 December 2025 purchased 1,280 shares in Fjord Defence Group
ASA at a price of NOK 12.30 per share. Following the transaction, Finance
Interims ToDo AS owns 100,000 shares in Fjord Defence Group ASA.

Furthermore, Mack Holding AS, a close associate of COO and primary insider
Kristian Zahl, has on 18 December 2025 purchased 1,280 shares in Fjord Defence
Group ASA at a price of NOK 12.30 per share. Following the transaction, Mack
Holding AS owns 100,202 shares in Fjord Defence Group ASA.

See the enclosed forms for further details.

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.
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