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 of the Company resolving inter alia to carry out a reverse share split (share consolidation) in the ratio of 12:1. In connection with the reverse share split, the Company's shares will also be transferred to a new ISIN.
Key information related to the reverse share split and change of ISIN:
• Date on which the corporate action was made public: 1 September 2025
• Reverse split ratio: 12:1, i.e. twelve (12) old shares give one (1) new share
• Last day including the right: 23 September 2025
• Ex. date: 24 September 2025
• Record date: 25 September 2025
• New ISIN: NO 001 3647693
• Date of ISIN change: 24 September 2025*
• Rounding rules: Rounded downwards**
• Date of approval: 22 September 2025
* The shares in Tranche 2 of the private placement completed on 20 June 2025 will continue to be placed on a separate temporary ISIN pending approval by the Financial Supervisory Authority of Norway and publication of a prospectus (the "Prospectus") and registration of the reverse share split, expected before end of Q3 2025. The consideration shares issued to the sellers of the shares in Fjord Defence AS on 20 June 2025 will continue to be placed on a separate temporary ISIN pending approval and publication of the Prospectus and Euronext Oslo Børs' approval of the Company's application to transfer the listing of its shares from Euronext Expand to Euronext Oslo Børs (main board), expected before end of October 2025.
** Shareholders who do not own a number of shares which can be divided by 12 will in connection with the reverse share split have their shareholdings rounded downwards. Fractional shares will not be issued, and shareholders will not receive any compensation for the rounding. The general meeting has resolved that fractional shares shall be added together to whole shares and sold at Euronext Expand, with the net proceeds from the sale being donated to charity as determined by the board. Shareholders that wish to avoid having their shareholding rounded downwards must ensure that they hold a number of shares in the Company dividable by 12 as of the record date for the reverse share split.
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.