6 May 2026

OSLO, Norway - Fjord Defence AS, a subsidiary of Fjord Defence Group ASA, has
been awarded a significant new agreement by a major European military vehicle
Original Equipment Manufacturer (OEM). The contract has a total value of
approximately NOK 43 million over a firm three-year period.

Contract details and outlook
Deliveries are scheduled to commence in June 2026, with approximately NOK 19.5
million of the contract value expected to be recognized within 2026.
Furthermore, the agreement includes options for additional deliveries extending
up to 10 years after the initial contract period is completed.

"This contract marks a breakthrough with a new, Tier-1 vehicle manufacturer,
further solidifying our position as a preferred partner in the European defence
ecosystem," says Harald Lunde, CEO of Fjord Defence AS.

"The timing is perfect as we transition into our new facilities. By expanding
our production capacity and improving our logistical efficiency, we are not only
securing the execution of this specific contract but also laying the foundation
for the significant future growth we see ahead. The new premises are central to
our ambition of scaling strategically important defence verticals within our
product range," Lunde concludes.

The contract will be added to the Group's backlog effective immediately.

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