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:

o	Date on which the corporate action was made public: 1 September 2025
o	Reverse split ratio: 12:1, i.e. twelve (12) old shares give one (1) new share
o	Last day including the right: 23 September 2025
o	Ex. date: 24 September 2025
o	Record date: 25 September 2025
o	New ISIN: NO 001 3647693
o	Date of ISIN change: 24 September 2025*
o	Rounding rules: Rounded downwards**
o	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.

* * *

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.