Oslo, 30 April 2026 
The Nomination Committee of Fjord Defence Group ASA ("Fjord Defence Group" or
the "Company") has today submitted its recommendation for the election of the
Board of Directors to be resolved at the Company's upcoming Annual General
Meeting. The proposed changes to the Board composition reflect a commitment to
execute on the company's clear strategy of both organic & inorganic growth
within the defence industry. The new Board brings a strong combination of
international defence industry expertise, security policy insight, legal
expertise, M&A and capital markets proficiency to the Company:

o Niels Ihloff, Chair of the board (New)
o Emilie Mehl, Board Member (New)
o Ketil Skorstad, Board Member (Re-elected)
o Karl Sivert Skatland, Personal Deputy to Ketil Skorstad (Re-elected)

Niels Ihloff
Former Managing Director/CEO of Heckler & Koch, a leading manufacturer of small
arms for NATO and EU countries. At Heckler & Koch, Mr. Ihloff held executive
responsibility for the company's main manufacturing facility and headquarters in
Germany as well as board oversight of its subsidiaries in France, the United
Kingdom and the United States of America.  Mr. Ihloff brings first-hand
experience of defence contracts awards and deliveries, technology transfer and
industrial co-operation projects. As a former chief export control officer, Mr.
Ihloff also held responsibility for regulatory compliance. Educated in England,
Mr. Ihloff originally qualified and practised as a solicitor/corporate lawyer
before joining the defence industry. 

Emilie Mehl
Former Member of Parliament and Minister of Justice and Public Security of
Norway. As minister (2021-25), Ms. Mehl held executive responsibility for
national security, law enforcement and the polar areas, and led Norway's civil
crisis response during radical shifts in the security landscape. Currently
completing a Master of Business Administration at INSEAD in France and
Singapore, she holds a Master of Laws and brings broad experience and network at
the intersection of security policy, defence and international public affairs.

Ketil Skorstad
Ketil Skorstad is the founder and owner of Tigerstaden AS. He has an established
track record in the Nordic financial markets, with experience spanning mergers
and acquisitions, public listings, financing, and capital allocation. In
addition to his executive role, Mr. Skorstad serves on several boards, including
as Chairman of Tigerstaden AS and as a board member of Veslefrikk Eiendom AS. He
brings to the board a broad financial network, transaction experience, and a
disciplined approach to capital allocation and strategic decision-making. 

As a re-elected member, Mr. Skorstad provides valuable continuity and a deep
understanding of the company's strategic transition, ensuring stability within
the Board during this period of growth.

Board Transitions 
Nina Skage, who has served since 2019 and as Chair since 2022, and Torstein
Sanness, who joined the board in 2021, have informed the Nomination Committee of
their decision to step down. Both have been instrumental throughout the
company's transformational journey and its repositioning within the defence
industry. The Committee respects their decision as a natural transition and
expresses its sincere gratitude to both Nina Skage and Torstein Sanness for
their significant contributions, leadership, and dedication during their tenure.

The full recommendation, including detailed biographies of the proposed
candidates, will be available on the Company's website together with the notice
of the Annual General Meeting.

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