Bulletin from the Annual General Meeting of Argo Defence Group AB (publ) on 28 May 2026

The Annual General Meeting of Argo Defence Group AB (publ), reg. no. 559529–0734 (the “Company”), was held today, 28 May 2026, in Stockholm. The Annual General Meeting resolved on the following main matters. All resolutions were passed with the required majority and in accordance with previously published proposals.

Adoption of the income statement and balance sheet

The Annual General Meeting resolved to adopt the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet for the financial year 2025. The Annual General Meeting further resolved on a disposition of profits in accordance with the proposal of the board of directors, entailing that no dividend shall be distributed for the financial year 2025 and that the result for the year shall be carried forward.

Discharge from liability, election of board members, auditor and fees

The Annual General Meeting resolved to discharge the members of the board of directors and the CEO from liability for the financial year 2025. Furthermore, the Annual General Meeting resolved that annual board fees of SEK 236,800 (corresponding to 4 price base amounts) shall be paid to the chairman of the board and that annual board fees of SEK 118,400 (corresponding to 2 price base amounts) shall be paid to each of the other members of the board elected by the general meeting who are not employed by the Company, and that fees to the auditor shall be paid in accordance with approved invoices on a current account basis.

The Annual General Meeting resolved that the board of directors shall consist of five (5) board members. Lars Granbom, Marcus Selme, Mariem Butler, Magnus Ericsson and Anna Höjer were re-elected as ordinary board members. Lars Granbom was re-elected as chairman of the board.

The Annual General Meeting further resolved to re-elect the authorised auditor Johan Dahl as the Company’s auditor.

Resolution on authorisation for the board of directors to resolve on repurchase and transfer of own shares, conditional upon the legislative proposal (govt. bill 2025/26:125) being adopted

The Annual General Meeting resolved, in accordance with the proposal of the board of directors and conditional upon the legislative proposal (govt. bill 2025/26:125) being adopted, to authorise the board of directors, during the period from the date on which the new rules enabling MTF-listed companies to acquire and transfer own shares enter into force, preliminarily on 5 December 2026, until the next annual general meeting, on one or several occasions, to resolve to acquire in aggregate so many shares in the Company that the Company’s holding at any given time does not exceed 10 per cent of all shares in the Company. Furthermore, the Annual General Meeting resolved to authorise the board of directors, during the period from the date on which the new rules enabling MTF-listed companies to acquire and transfer own shares enter into force, preliminarily on 5 December 2026, until the next annual general meeting, on one or several occasions, to resolve to transfer own shares in the Company. Transfer of shares may be made of no more than the total number of own shares held by the Company at any given time.

Authorisation to issue shares

The Annual General Meeting resolved, in accordance with the proposal of the board of directors, to authorise the board of directors, within the limits of the articles of association for shares and share capital applicable from time to time, on one or several occasions, during the period until the next annual general meeting, to resolve on new issues of shares, convertible bonds and/or warrants, with or without preferential rights for the shareholders. Resolutions on issues pursuant to the authorisation may be made with provisions for payment in kind, set-off or cash payment.

About Argo Defence Group AB (publ)
Argo Defence Group is a growth-oriented defence group with a focus on customers within both military and civil defence. The Company consists of six subsidiaries: Swedish Net Air & Defence, Disarmament Solutions, Disarmament Solutions Ukraine, Poseidon Diving Group, Zel-Aaren Innovation and LPG Trafikmarkeringar. Argo Defence Group operates through three business areas: Defence Materiel, Counter-Explosive Risk Solutions and Airfield Operations. Together, these business areas enable Argo Defence Group to offer a broad and complementary range of defence-related products and services that contribute to increased resilience and security across the Nordic region, Ukraine and internationally. The Company is listed on Nordic SME, a marketplace operated by Nordic Growth Market (NGM). Learn more at www.argodefence.se

Bulletin from the Annual General Meeting of Argo Defence Group AB (publ) on 28 May 2026

Correction: Interim Report January – March 2026 for Argo Defence Group

Argo Defence Group AB (publ) has identified a number of translation errors and editorial discrepancies in the English version of the interim report for January–March 2026, published on May 20, 2026. Corrections have been made to the English version to ensure it accurately reflects the content of the Swedish original report, which constitutes the primary financial reporting. In addition, the classification within the parent company’s equity has been harmonised between the balance sheet and the statement of changes in equity. The adjustment is of an accounting-technical nature and does not affect total equity or any other financial items. The Company also clarifies that the interim report has been subject to a limited review by the Company’s auditor. The corrections do not affect the Group’s financial results, financial position or other reported key figures. An updated version of the interim report is attached to this press release and is also available on the Company’s website www.argodefence.se, and via the news service MFN.

Financial Summary
» Strengthened profitability – EBITDA amounted to 10.2 (2.0*) MSEK
» Margin above target – EBITDA margin amounted to 22.2% (3.4%*)
» Strong order intake – Order intake increased by +207% to 90.3 (29.4*) MSEK
» Growing order backlog – Order backlog increased by +168% to 144.4 (53.8*) MSEK
» Framework agreement value amounted to a total of 867 MSEK, of which 583 MSEK remained under existing framework agreements

The Group January – March 2026
» Net sales amounted to SEK 45,645 thousand (54,158*)
» EBITDA amounted to SEK 10,157 thousand (1,859*), corresponding to an EBITDA margin of 22.2% (3.4%*)
» EBITA amounted to SEK 10,062 thousand (1,122*), corresponding to an EBITA margin of 22.0% (2.1 %*)
» Operating profit amounted to SEK 5,577 thousand (-3,470*)
» Profit for the period amounted to SEK 4,670 thousand
» Earnings per share amounted to SEK 0.23***
» Order intake amounted to SEK 90,332 thousand (29,394*) and the order backlog amounted to SEK 144,357 thousand (53,821*)

Figures in parentheses refer to the corresponding period in the previous year and are presented on a pro forma basis.
* Pro forma figures have been prepared for illustrative purposes and are based on the assumption that the Group had owned the five subsidiaries – Swedish Net Air & Defence AB, Disarmament Solutions AB, Disarmament Solutions Ukraine, Zel-Aaren Innovation AB and LPG Trafikmarkeringar AB – throughout the full year of 2025. Poseidon Diving Group AB is not included in the pro forma figures, as the acquisition was completed only on 2 March 2026. The pro forma information is hypothetical in nature and is intended as supplementary information only and does not replace the statutory financial reporting. For a detailed description of the methodology and reconciliation, please refer to the section “Pro Forma Information”.

Significant Events
The Quarter January – March 2026
» Argo Defence Group acquired 99.55% of Poseidon Diving Group AB, whose subsidiary Poseidon Diving Systems AB is a leading developer of advanced diving and breathing equipment for military units and professional users worldwide.
» A second order from the Swedish Defence Materiel Administration (FMV) was received under the framework agreement for specialised containers, valued at SEK 54 million, with expected delivery during Q3–Q4 2026.

Significant events after the end of the period
» The acquisition of the remaining outstanding 0.45% of the shares in Poseidon Diving Group AB is ongoing during Q2 2026 and is expected to be completed during the quarter, after which Argo Defence Group AB will own 100% of the shares.

Comments from CEO Marcus Selme
I am pleased to note that we have entered 2026 exactly as planned. The first quarter confirms that our strategy is delivering and that we are moving in the right direction – precisely where we want to be.

Q1 2026 is a quarter of particular significance for us. It is the first quarter in which we report actual figures rather than pro forma figures. This means that the results presented reflect our underlying business as it is, without adjustments or assumptions. It is a milestone we are proud of and one that provides us with a solid foundation for the remainder of the year.

For the first quarter of 2026, we report EBITDA of SEK 10.2 million, corresponding to an EBITDA margin of 22.2%, primarily driven by deliveries within the Defence Materiel business area. This demonstrates that we are growing in a profitable and sustainable manner while maintaining cost discipline, even during a period of active growth.

During the quarter, we received a second order from the Swedish Defence Materiel Administration (FMV) under our framework agreement for specialised containers, valued at SEK 54 million, with deliveries planned for Q3–Q4 2026. Together with other business secured during the quarter, this resulted in order intake of SEK 90 million, with particularly strong demand within the Defence Materiel business area, supported by increasing volumes under our framework agreements with FMV and the Swedish Armed Forces.

Framework agreements constitute a central part of our business model, with call-off orders placed continuously throughout contract periods that often extend four years or longer. The total value of the Group’s ongoing framework agreements amounts to approximately SEK 867 million, of which approximately SEK 583 million remains outstanding, providing us with a solid and predictable revenue base going forward.

At the end of the quarter, the order backlog amounted to SEK 144 million, providing us with clear visibility into the remainder of 2026. Within the Defence Materiel business area, we currently have eight ongoing projects relating to materiel deliveries to the Swedish Armed Forces, all scheduled for Q2–Q4 2026. Within Counter-Explosive Risk Solutions, we are broadening our customer base through new strategic customers and reseller agreements, while also seeing increased demand from international defence customers. The Airfield Operations business area has an active delivery schedule during Q2–Q3 2026, including product deliveries to Sweden, Italy, Poland, Denmark, Norway and Finland, as well as repair and maintenance assignments at Sweden’s largest airports. Overall, this provides us with favourable conditions for continued stable revenue growth and profitability, and we enter the coming quarters with confidence in both our delivery capacity and underlying demand.

In March, we acquired Poseidon Diving Group AB, including its wholly owned subsidiary Poseidon Diving Systems AB, which is being integrated into the Counter-Explosive Risk Solutions business area. The acquisition adds unique expertise within underwater environments and clearance operations to the Group and represents a natural and value-creating addition to Argo Defence Group’s combined offering.

We enter the remainder of 2026 with confidence, driven by the conviction that what we deliver matters – for our customers, for defence capabilities and for society as a whole. Our pipeline is strong, our organisation is well positioned and our financial position provides us with the flexibility to continue investing in the future. We are delivering according to plan – and our outlook for the full year remains unchanged.

I would like to thank our employees, customers and shareholders for the trust you place in us. We remain firmly committed to continuing to earn that trust.

Stockholm, May 2026
Marcus Selme, Group CEO, Argo Defence Group AB (publ)

The full report attached to this press release is also available for download on the company’s website: https://argodefence.se/investor-relations/financial-reports/

Please note that this is an English translation of a press release written in Swedish, in the event of any inaccuracies, the Swedish version applies.

Argo Defence Group Interim Report January March 2026

Interim Report January – March 2026 for Argo Defence Group

I would like to thank our employees, customers and shareholders for the trust you place in us. We remain firmly committed to continuing to earn that trust.

Stockholm, May 2026
Marcus Selme, Group CEO, Argo Defence Group AB (publ)

The full report attached to this press release is also available for download on the company’s website: https://argodefence.se/investor-relations/financial-reports/

Please note that this is an English translation of a press release written in Swedish, in the event of any inaccuracies, the Swedish version applies.

Argo Defence Group Interim Report January March 2026

Notice of Annual General Meeting of ARGO DEFENCE GROUP AB (publ)

The shareholders of Argo Defence Group AB (publ), reg. no. 559529–0734 (the “Company”), are hereby invited to attend the annual general meeting on 28 May 2026 at 10:00 a.m. at the offices of Eversheds Sutherland Advokatbyrå, Sveavägen 20, Stockholm. Registration commences at 9:45 a.m.

N.B. THIS ENGLISH TEXT IS AN UNOFFICIAL TRANSLATION OF THE SWEDISH ORIGINAL OF THE NOTICE TO ATTEND THE ANNUAL GENERAL MEETING IN ARGO DEFENCE GROUP AB (PUBL), AND IN CASE OF ANY DISCREPANCIES BETWEEN THE SWEDISH AND THE ENGLISH TRANSLATION, THE SWEDISH TEXT SHALL PREVAIL.

Right to attend and notice of attendance

Shareholders wishing to attend the annual general meeting shall

be recorded in the share register maintained by Euroclear Sweden AB on 20 May 2026, and

notify the Company of their attendance no later than 22 May 2026. Notice of attendance shall be made in writing to the Company, Att. Argo Defence Group AB “Investor Relations”, Munkbrogatan 2, 111 27 Stockholm, or by e-mail to ir@argodefence.se. When giving notice of attendance, please state name, personal or corporate identity number, shareholding, address, telephone number, details of any assistants (no more than two assistants) and proxies and, where applicable, details of any representative. In addition, where applicable, complete authorisation documents such as certificates of registration or equivalent should be appended to the notice of attendance.

NOMINEE-REGISTERED SHARES

Shareholders whose shares are registered in the name of a nominee through a bank or securities institution must have their shares temporarily re-registered in their own name in order to be entitled to attend the annual general meeting. Such registration may be temporary (so-called voting rights registration) and is requested from the nominee in accordance with the nominee’s procedures. Voting rights registrations completed (registered with Euroclear Sweden AB) no later than 22 May 2026 will be taken into account in the preparation of the share register.

PROXIES ETC.

Shareholders represented by proxy shall issue a written power of attorney, signed and dated by the shareholder. The validity period of the power of attorney may not exceed five years if specifically stated. If no validity period is stated, the power of attorney is valid for a maximum of one year. If the power of attorney is issued by a legal entity, a copy of the certificate of registration or equivalent for the legal entity shall be appended. A copy of the power of attorney and any certificate of registration should be sent to the Company by post or e-mail well in advance of the meeting. Furthermore, the original power of attorney shall be brought to the meeting. A proxy form will be available on the Company’s website (www.argodefence.se) no later than three weeks before the meeting.

PROPOSED AGENDA

Opening of the meeting
Election of chairman of the meeting
Preparation and approval of the voting register
Election of one or two persons to verify the minutes
Determination as to whether the meeting has been duly convened
Approval of the agenda
Presentation of the annual report and the auditor’s report and the consolidated financial statements and the consolidated auditor’s report
Resolutions regarding:
1. adoption of the income statement and the balance sheet and the consolidated financial statements and the consolidated auditor’s report
2. appropriation of the company’s profit or loss according to the adopted balance sheet
3. discharge from liability for the members of the board of directors and the managing director
Resolution on the number of board members and deputy board members
Determination of fees for the board of directors and the auditor
Election of board members and auditors
Resolution on authorisation for the board of directors to resolve on repurchase and transfer of own shares
Resolution to authorise the board of directors to resolve on new issue of shares, issue of warrants and/or convertibles
Resolution on authorisation for the board of directors to make minor adjustments to the resolutions adopted at the meeting
Closing of the meeting

THE BOARD’S PROPOSALS FOR RESOLUTIONS

Item 2 – Election of chairman of the meeting

The board of directors proposes that attorney Mark Falkner from Eversheds Sutherland be elected as chairman of the annual general meeting.

Item 8b – Resolution on appropriation of the company’s profit or loss according to the adopted balance sheet

The board of directors proposes that no dividend be paid and that the result for 2025 be carried forward.

Item 9 – Resolution on the number of board members and deputy board members

According to the Company’s current articles of association, the board of directors shall consist of no fewer than three (3) and no more than ten (10) board members. It is proposed that the board of directors, for the period until the end of the next annual general meeting, shall consist of 5 board members.

Item 10 – Determination of fees for the board of directors and the auditors

The board of directors proposes that the chairman of the board shall receive an annual fee of 4 base amounts, which in 2026 corresponds to SEK 236,800, and that each of the other board members elected by the general meeting who are not employed by the Company shall receive an annual fee of 2 base amounts, which in 2026 corresponds to SEK 118,400.

Furthermore, it is proposed that fees to the auditor shall be paid on a current account basis in accordance with approved invoices.

Item 11 – Election of board members and auditors

The board of directors proposes the re-election of Lars Granbom, Marcus Selme, Mariem Butler, Magnus Ericsson and Anna Höjer as ordinary board members. Lars Granbom is proposed for re-election as chairman of the board.

Furthermore, the re-election of authorised public accountant Johan Dahl as the Company’s auditor is proposed.

Item 12 – Resolution on authorisation for the board of directors to resolve on repurchase and transfer of own shares, conditional upon the adoption of the legislative proposal in Government Bill 2025/26:125

The board of directors notes that the Government, through Government Bill 2025/26:125, has proposed a number of changes to the rules on shares on MTF platforms, which, provided that the proposed legislative amendments are implemented, will enable MTF companies to acquire and transfer own shares from 5 December 2026.

Against this background, and conditional upon the adoption of the legislative proposal, the board of directors proposes that the meeting resolves to authorise the board of directors, during the period from the date on which the new rules enabling MTF companies to acquire and transfer own shares enter into force, preliminarily 5 December 2026, until the next annual general meeting, on one or more occasions, to resolve on the acquisition of shares in the Company in such number that the Company’s holding at any given time does not exceed 10 per cent of all shares in the Company. Acquisitions may be made on NGM Nordic SME and may only be made at a price within the price interval registered at any given time, meaning the interval between the highest bid price and the lowest ask price, and taking into account the rules of the marketplace applicable at any given time. Payment for repurchased shares shall be made in cash.

The board of directors further proposes that the meeting resolves to authorise the board of directors, during the period from the date on which the new rules enabling MTF companies to acquire and transfer own shares enter into force, preliminarily 5 December 2026, until the next annual general meeting, on one or more occasions, to resolve on the transfer of own shares in the Company. Transfer of shares may be made with up to the total number of own shares held by the Company at any given time. Transfers may be made on or outside NGM Nordic SME, including the right to resolve on deviation from the shareholders’ preferential rights. Transfer of shares on NGM Nordic SME shall be made at a price within the price interval registered at any given time, meaning the interval between the highest bid price and the lowest ask price. In the case of transfer of shares outside NGM Nordic SME, the price in cash or the value of received property shall be determined so as not to be below what is commercially reasonable, although a market-based discount relative to the stock exchange price may be applied.

The board of directors’ proposed authorisation as set out above is intended to provide the board with greater flexibility to adjust the Company’s capital structure to the capital needs from time to time and thereby contribute to increased shareholder value. Furthermore, the authorisation aims to enable the board to transfer shares in connection with potential acquisitions through payment with the Company’s own shares or to use repurchased shares to settle incentive programmes, which entails lower future dilution. The purpose of the authorisation does not permit the Company to trade in own shares for short-term profit.

The board of directors’ proposed resolution on authorisation for the board to resolve on repurchase and transfer of own shares is conditional upon the Swedish Parliament (Riksdagen) adopting the legislative proposal in Government Bill 2025/26:125 and the legislative amendments proposed therein entering into force. The resolution shall have no validity and shall not be implemented in the event that the Swedish Parliament does not adopt the said legislative proposal or that the proposed legislative amendments do not enter into force.

A valid resolution in accordance with this item requires the support of shareholders representing at least two-thirds (2/3) of both the votes cast and the shares represented at the annual general meeting.

Item 13– Resolution to authorise the board of directors to resolve on new issue of shares, issue of warrants and/or convertibles

The board of directors proposes that the annual general meeting resolves to authorise the board of directors, within the limits of the articles of association for the time being regarding shares and share capital, on one or more occasions, during the period until the next annual general meeting, to resolve on new issue of shares, convertibles and/or warrants with or without preferential rights for the shareholders. Issue resolutions based on the authorisation may be made with provisions for contribution in kind, set-off or cash payment.

Item 14 – Resolution on authorisation for the board of directors to make minor adjustments to the resolutions adopted at the meeting

The board of directors proposes that the meeting authorises the board of directors, the managing director or any other person appointed by the board to make such minor adjustments and clarifications to the resolutions adopted at the meeting to the extent required for the registration of the resolutions.

OTHER INFORMATION

Shareholders’ right to request information

Pursuant to Chapter 7, Section 32 of the Swedish Companies Act, shareholders have the right at the annual general meeting to request that the board of directors and the managing director provide information regarding circumstances that may affect the assessment of a matter on the agenda and circumstances that may affect the assessment of the Company’s financial position. The board of directors and the managing director shall provide such information if the board considers that it can be done without material harm to the Company.

Processing of personal data

For information on how your personal data is processed in connection with the annual general meeting, please see the privacy policy on the website of Euroclear AB,
www.euroclear.com/dam/ESw/Legal/Integritetspolicy-bolagsstammor-svenska.pdf.

Documents

The Company’s annual report, auditor’s report, proxy form and documents in accordance with the Swedish Companies Act will be available at the Company’s premises at Munkbrogatan 2, Stockholm and on the Company’s website (www.argodefence.se) no later than three weeks before the meeting. Copies of the said documents will also be sent to shareholders who so request and provide their address or e-mail address and will be available at the annual general meeting. For ordering documents, the same address and e-mail as for notice of attendance to the annual general meeting apply.

Number of shares and votes

At the time of issuance of this notice, the total number of shares and votes in the Company amounts to 20,979,000. The Company holds no own shares.

_____________________________

Stockholm in April 2026
Argo Defence Group AB (publ)
The Board of Directors

Notice of Annual General Meeting of ARGO DEFENCE GROUP AB (publ)

Argo Defence Group Completes the Acquisition of Poseidon Diving Group AB

Argo Defence Group AB (publ) (“Argo Defence Group” or the “Company”) has today completed the previously announced acquisition of Poseidon Diving Group AB, including its wholly owned subsidiary Poseidon Diving Systems AB (“Poseidon” or the “Acquisition”). The purchase price for Poseidon at closing amounts to SEK 56 million on a cash and debt-free basis, of which SEK 36 million is paid in cash and SEK 20 million in shares through a directed share issue (the “Directed Issue”) to the sellers of Poseidon at a subscription price of SEK 23 per share. Poseidon is a leading manufacturer of advanced diving and breathing equipment with sales to demanding customer segments, including the military and other professional users worldwide. The Acquisition is the first since Argo Defence Group was listed on 16 December 2025 and represents a significant step in the execution of the Company’s acquisition strategy within the defence and security sector.

“Completing the acquisition of Poseidon Diving Group marks an important step in our continued development, further strengthening our position within Defence Materiel and broadening the Group’s expertise in diving and underwater systems”, says Marcus Selme, CEO of Argo Defence Group AB.

On 20 January 2026, the Company announced that it had entered into an agreement to acquire 99.55% of the outstanding shares in Poseidon. Argo Defence Group announces today, 2 March 2026, that all closing conditions for the completion of the Acquisition, including required regulatory approvals, have been fulfilled. The Board of Directors has therefore resolved to complete the Acquisition as of today. All conditions for completion of the Acquisition have thus been met and Argo Defence Group has today, 2 March 2026, taken ownership of the shares in Poseidon.

Approximately 70 minority shareholders holding the remaining approximately 0.45% of Poseidon will now be contacted and offered to join the transaction.

“Becoming part of Argo Defence Group is a strategically important step for Poseidon Diving Group. As part of a strong group, we strengthen our ability to accelerate growth, invest in innovation and further develop our diving and breathing technology to meet the growing demand from the defence sector”, says Jonas Brandt, CEO of Poseidon Diving Group AB.

Background to the Acquisition

The acquisition of Poseidon constitutes an important step in the Company’s strategy to complement organic growth with acquisitions of profitable, leading product and service companies that meet the high requirements associated with deliveries to customers in the defence sector. Poseidon’s products have a high technological content and are used, among others, by military units operating in demanding environments. The company is conducting several development projects with significant potential, and through Argo Defence Group’s strong financial position the pace of development is expected to accelerate. Argo Defence Group also assesses that the Group can contribute relevant customer relationships, based on previous deliveries of mine clearance equipment for underwater use.

About Poseidon
Based in Gothenburg, Poseidon develops and sells advanced diving and breathing systems to demanding customers worldwide. A significant portion of sales is conducted through distributors targeting both professional users and private customers with a need for high-quality equipment in demanding environments. Poseidon was founded in 1958 and has in recent years attracted particular attention from actors within the defence sector. The company has strong specialist expertise in diving equipment for cold-water environments as well as emergency breathing systems for helicopter crews.

Poseidon generated revenue of SEK 52.8 million in 2025 and reported a preliminary EBITDA of SEK 6.7 million. For 2026, Poseidon is expected to grow faster than Argo Defence Group’s overall growth target of 20%.

The Directed Issue
The total purchase price corresponding to 100% of the outstanding shares in Poseidon amounts to SEK 56 million on a cash and debt-free basis, of which SEK 20 million is settled through the Directed Issue of shares in Argo Defence Group at a subscription price of SEK 23 per share. In connection with closing, the Board of Directors of Argo Defence Group has resolved to carry out the Directed Issue, whereby the Company’s share capital will increase by SEK 30,133.33, from SEK 696,870.86 to SEK 727,004.19, through the issuance of 869,551 shares. The number of shares will thus increase from 20,109,449 shares to 20,979,000 shares. The dilution from the Directed Issue amounts to approximately 4.14% in total. 80% of the shares in the Directed Issue are subject to lock-up. The sellers of Poseidon may divest 30% of the received shares after three months from the closing date, a further 30% six months after the closing date, and the remaining 20% nine months after the closing date.

Advisors
Advokatfirman Lindahl acted as legal advisor in the transaction.

Argo Defence Group operates through three business areas: Defence Materiel, Counter-Explosive Risk Solutions and Airfield Operations. Together, these business areas enable Argo Defence Group to offer a broad and complementary range of defence-related products and services that contribute to increased resilience and security across the Nordic region, Ukraine and internationally. The Company is listed on Nordic SME, a marketplace operated by Nordic Growth Market (NGM). Learn more at www.argodefence.se

Argo Defence Group Completes the Acquisition of Poseidon Diving Group AB

Argo Defence Group’s subsidiary Swedish Net Air & Defence receives order from FMV valued at SEK 54 million

Argo Defence Group AB (publ) has through its wholly owned subsidiary Swedish Net Air & Defence AB received an order from the Swedish Defence Materiel Administration (FMV) regarding customised containers with a value of SEK 54 million. Together with the previous order from November 2025, the total order value under the existing framework agreement with FMV amounts to SEK 95 million, with deliveries scheduled for Q2–Q4 2026.

The framework agreement has a maximum value of approximately SEK 340 million and runs for two years, with the possibility of extension for up to a total of four years. The order includes several types of containers, developed to meet FMV’s requirements for robustness, durability and functionality for operational use in varying and demanding environments.

“Through Swedish Net Air & Defence, we once again demonstrate our ability to deliver qualified solutions within the defence sector. The order strengthens the Group’s position and provides good visibility for 2026”, says Marcus Selme, CEO of Argo Defence Group.

For further information, please contact:
Marcus Selme, CEO, Argo Defence Group
Telephone: +46 (0)70-629 85 61
E-mail: ir@argodefence.se

Argo Defence Group’s subsidiary Swedish Net Air & Defence receives order from FMV valued at SEK 54 million

Notice of stabilisation measures, end of stabilisation period and exercise of over-allotment option

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA OR IN ANY OTHER JURISDICTION WHERE SUCH RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES IN ACCORDANCE WITH APPLICABLE LAW.

Pareto Securities AB (“Pareto Securities”), acting as stabilisation manager, has notified Argo Defence Group AB (publ) (”Argo Defence” or the “Company”) that stabilisation measures regarding the Company’s shares have been undertaken. The stabilisation period has now ended and no further stabilisation actions will be carried out. Part of the overallotment option, corresponding to 98,963 new shares, has been exercised.

As announced in connection with the offering and the admission to trading of the Company’s shares on NGM Nordic SME (the “Offering“), Pareto Securities is acting as stabilisation manager (the “Stabilisation Manager”) and may perform transactions which will result in the share price being sustained at a higher level than would otherwise be the case in the open market. Such stabilisation transactions may be carried out on NGM Nordic SME, in the over-the-counter market or otherwise, at any time during the period starting on the date of commencement of trading in the shares on NGM Nordic SME and ending not later than 30 calendar days thereafter. Under no circumstances could transactions be effected at a price above the offering price of SEK 17.00. In order to cover any potential over-allotment related to the Offering, the Company, as previously announced, has committed to issue up to an additional 617,647 shares, corresponding to a maximum of 15 percent of the total number of shares in the Offering (“the Over-Allotment Option“). The Over-Allotment Option could be exercised by the Stabilisation Manager in whole or in part within 30 calendar days from the first day of trading of the Company’s shares on the NGM Nordic SME.

The Stabilisation Manager hereby announces that the Over-Allotment Option regarding the subscription of 98,963 new shares has been exercised. The subscription price is 17.00 SEK for each new share (equivalent to the subscription price in the Offering). Argo Defence will thus be provided with approximately an additional SEK 1.7 million before transaction costs, resulting in a total of approximately 71.7 million SEK before transaction costs through the Offering, of which SEK 8 million is through set-off of a claim related to the acquisition of LPG Trafikmarkeringar AB. After the registration of the new shares issued under the Over-Allotment Option, the total number of shares and votes in the Company will amount to 20,109,449, and the share capital will amount to 696,870.864035 SEK.

Pareto Securities has, in its capacity as Stabilisation Manager, notified that stabilisation measures have been undertaken, in accordance with article 5(4) in the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. Stabilisation measures have also been taken from 16 December to 30 December 2025 as stated in the Company’s press release on 30 December 2025. All transactions during the stabilisation period have been carried out on NGM Nordic SME. The stabilisation period regarding the offering has now ended and no further stabilising transactions will be effected. Below is a summary of the stabilisation transactions which have been undertaken during the stabilisation period.

The contact person at Pareto Securities is Anders Norén (phone: +46 8 402 52 11).

Stabilisation information
Issuer	Argo Defence Group AB (publ)
Securities	Shares, ISIN SE0026820540
Offering size	4,117,647 shares
Over-Allotment Option	617,647 shares
Offering price	SEK 17.00 per share
Ticker	ARGO
Stabilisation Manager	Pareto Securities AB

Stabilisation measures
Date	Number of shares	Highest price	Lowest price	Volume weighted average price	Currency	Trading venue
2025-12-16	309,000	16.45	15.30	15.79	SEK	Nordic SME
2025-12-17	41,110	16.80	15.65	16.24	SEK	Nordic SME
2025-12-18	45,839	16.30	15.90	16.11	SEK	Nordic SME
2025-12-19	50,930	16.40	15.70	16.06	SEK	Nordic SME
2025-12-22	25,915	16.30	15.00	15.60	SEK	Nordic SME
2025-12-23	7,154	16.10	15.60	15.73	SEK	Nordic SME
2025-12-29	22,011	16.30	15.85	15.97	SEK	Nordic SME
2025-12-30	12,733	16.35	16.00	16.17	SEK	Nordic SME
2026-01-02	3,992	16.70	16.50	16.80	SEK	Nordic SME

About Argo Defence Group AB (publ)
Argo Defence Group is a Swedish defence company founded with the mission to deliver advanced materiel, technology, and system solutions that strengthen both military and civil defence. The group brings together specialist companies with complementary expertise, acting as a comprehensive supplier within the defence and security sector. The Company works closely with the Swedish Armed Forces, the Swedish Defence Materiel Administration (FMV), the Swedish Civil Contingencies Agency (MSB), UN organisations, NGOs, and international partners – with deliveries used in everything from peacekeeping operations to active conflict zones.

Advisors
Pareto acts as Sole Global Coordinator and Bookrunner, Advokatfirman Lindahl KB is the legal advisor to the Company and Advokatfirman Schjødt is the legal advisor to Pareto in connection with the Transaction.

For further information, please contact:
Markus Selme, CEO, Argo Defence Group
Telephone: +46 (0)70-629 85 61
E-mail: markus.selme@argodefence.se

This is information that Argo Defence Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 14 January 2026 at 21:00 CET.

Important information
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions and the recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such legal restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Argo Defence in any jurisdiction, neither from Argo Defence nor from someone else.

This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 (the “Prospectus Regulation“) and has not been approved by any regulatory authority in any jurisdiction. Within the European Economic Area (“EEA“), no offer to the public of shares is made in member states other than Sweden. In any other EEA member state, this communication is directed only at “qualified investors” in that member state within the meaning of the Prospectus Regulation.

Complete information regarding the Institutional Offering, the Retail Offering, the Over-allotment Option and information about the Company is presented in the information memorandum, which has been prepared by the Company and published on the Company’s website (the “Information Memorandum“). The Information Memorandum does not constitute a prospectus as defined in the provisions of the Prospectus Regulation and has not been reviewed, registered or approved by the Swedish Financial Supervisory Authority (Finansinspektionen). The Institutional Offering is exempt from the prospectus requirement pursuant to Article 1.4(a) and 1.4(d) of the Prospectus Regulation, as the offer is directed exclusively to qualified investors and to investors who undertake to subscribe for shares for an amount of at least EUR 100,000 per investor. The Retail Offering is exempt from the prospectus requirement in accordance with Article 3(2) of the Prospectus Regulation and Chapter 2, Section 1 of the Swedish Act (2019:414) with supplementary provisions to the EU Prospectus Regulation due to the fact that the amount offered by the Company to the public is less than EUR 2.5 million.

Any investment decision should, in order for an investor to fully understand the potential risks and benefits associated with the decision to participate in the Offering, be made solely on the basis of the information in the Information Memorandum. Accordingly, an investor is recommended to read the entire Information Memorandum.

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act“), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into the United States, Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Singapore, South Africa or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

In the United Kingdom, this press release and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, “qualified investors” (within the meaning of the United Kingdom version of the EU Prospectus Regulation (2017/1129/ EU) which is part of United Kingdom law by virtue of the European Union (Withdrawal) Act 2018) who are (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order“); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons“). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.

This press release does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the new shares. Any investment decision to acquire or subscribe for shares in connection with the Offering must be made on the basis of all publicly available information relating to the Company and the Company’s shares. Such information has not been independently verified by Pareto. Pareto is acting for the Company in connection with the transaction and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to its clients nor for giving advice in relation to the transaction or any other matter referred to herein.

The information in this press release may not be forwarded or distributed to any other person and may not be reproduced at all. Any forwarding, distribution, reproduction or disclosure of this information in its entirety or in any part is prohibited. Failure to follow these instructions may result in a breach of the Securities Act or applicable laws in other jurisdictions.

This press release does not constitute an invitation to warrant, subscribe, or otherwise acquire or transfer any securities in any jurisdiction. This press release does not constitute a recommendation for any investors’ decisions regarding the Offering. Each investor or potential investor should conduct a self-examination, analysis and evaluation of the business and information described in this press release and any publicly available information. The price and value of the securities can decrease as well as increase. Achieved results do not provide guidance for future results. Neither the contents of the Company’s website nor any other website accessible through hyperlinks on the Company’s website are incorporated into or form part of this press release.

Forward-looking statements
This press release contains forward-looking statements that reflect the Company’s intentions, beliefs, or current expectations about and targets for the Company’s and the Group’s future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company and the Group operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “expect”, “anticipate”, “intend”, “may”, “plan”, “estimate”, “will”, “should”, “could”, “aim” or “might”, or, in each case, their negative, or similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are free from errors and readers of this press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless it is not required by law or NGM Nordic SME:s rule book for issuers.

Information to distributors
Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended (“MiFID II“); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the “MiFID II Product Governance Requirements“), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any “manufacturer” (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the shares in Argo Defence have been subject to a product approval process, which has determined that such shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the “EU Target Market Assessment“). Solely for the purposes of each manufacturer’s product approval process in the United Kingdom, the target market assessment in respect of the shares in the Company has led to the conclusion that: (i) the target market for such shares is only eligible counterparties, as defined in the FCA Handbook Conduct of Business Sourcebook, and professional clients, as defined in Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (“UK MiFIR“); and (ii) all channels for distribution of such shares to eligible counterparties and professional clients are appropriate (the “UK Target Market Assessment” and, together with the EU Target Market Assessment, the “Target Market Assessment“). Notwithstanding the Target Market Assessment, Distributors should note that: the price of the shares in Argo Defence may decline and investors could lose all or part of their investment; the shares in Argo Defence offer no guaranteed income and no capital protection; and an investment in the shares in Argo Defence is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Offering. Furthermore, it is noted that, notwithstanding the Target Market Assessment, Pareto will only procure investors who meet the criteria of professional clients and eligible counterparties.

For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II or UK MiFIR; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the shares in Argo Defence.

Each distributor is responsible for undertaking its own target market assessment in respect of the shares in Argo Defence and determining appropriate distribution channels.

Foreign direct investments in the Company
The Company engages in protected activities (Sw. skyddsvärd verksamhet according to the (2023:560) Screening of foreign direct investments act (“FDI act”). The Company is obliged to inform prospective investors that an investment in the Company may be subject to notification under the FDI act and must be reviewed by the Inspectorate of Strategic Products (“ISP”) before the investments can take place. An investment may be subject to notification if i) the investor, any member of its ownership structure, or any person on whose behalf the investor acts, would, following the investment, directly or indirectly, hold voting rights equal to or exceeding any of the thresholds of 10, 20, 30, 50, 65 or 90 per cent of the voting rights in the Company, ii) the investor would, as a result of the investment, acquire the Company and the investor, someone in its ownership structure or someone on whose behalf the investor acts, would, directly or indirectly, hold 10 per cent or more of the voting rights in the Company, iii) and the investor, someone in its ownership structure or someone on whose behalf the investor acts, would in another way as a result of the investment, have a direct or indirect influence on the management of the Company. If the investment is implemented before the ISP has issued a final decision the investor may be subject to an administrative fine. For more information regarding which investments that may be subject to notification under the FDI act, see the FDI act and the ISP’s website https://isp.se/eng/foreign-direct-investment/

Notice of stabilisation measures, end of stabilisation period and exercise of over-allotment option

Message of stabilisation measures

Pareto Securities AB (“Pareto Securities”), acting as stabilisation manager, notifies that stabilisation measures have been undertaken in Argo Defence Group AB (publ) (”Argo Defence” or the “Company”) shares on NGM Nordic SME.

As announced in connection with the offering and the admission to trading of the Company’s shares on NGM Nordic SME, Pareto Securities is acting as stabilisation manager (the “Stabilisation Manager”) and may perform transactions which will result in the share price being sustained at a higher level than would otherwise be the case in the open market. Such stabilisation transactions may be carried out on NGM Nordic SME, in the over-the-counter market or otherwise, at any time during the period starting on the date of commencement of trading in the shares on NGM Nordic SME and ending not later than 30 calendar days thereafter.

The Stabilisation Manager has no obligation to undertake any stabilisation measures and there is no assurance that stabilisation measures will be undertaken. Under no circumstances will transactions be conducted at a price higher than SEK 17.00.

The stabilisation transactions, if conducted, may be discontinued at any time without prior notice but must be discontinued not later than within the aforementioned 30-day period. The Stabilisation Manager must, not later than by the end of the seventh trading day after stabilisation transactions have been undertaken, disclose that stabilisation measures have been undertaken.

The contact person at Pareto Securites is Anders Norén (tel: +46 8 402 52 11).

Stabilisation information
Issuer	Argo Defence Group AB (publ)
Securities	Shares, ISIN SE0026820540
Offering size	4,117,647 shares
Over-Allotment Option	617,647 shares
Offering price	SEK 17.00 per share
Ticker	ARGO
Stabilisation Manager	Pareto Securities AB

Stabilisation measures
Date	Number of shares	Highest price	Lowest price	Volume weighted average price	Currency	Trading venue
2025-12-16	309,000	16.45	15.30	15.79	SEK	Nordic SME
2025-12-17	41,110	16.80	15.65	16.24	SEK	Nordic SME
2025-12-18	45,839	16.30	15.90	16.11	SEK	Nordic SME
2025-12-19	50,930	16.40	15.70	16.06	SEK	Nordic SME
2025-12-22	25,915	16.30	15.00	15.60	SEK	Nordic SME
2025-12-23	7,154	16.10	15.60	15.73	SEK	Nordic SME
2025-12-29	22,011	16.30	15.85	15.97	SEK	Nordic SME
2025-12-30	12,733	16.35	16.00	16.17	SEK	Nordic SME

For further information, please contact:
Markus Selme, CEO, Argo Defence Group
Telephone: +46 (0)70-629 85 61
E-mail: markus.selme@argodefence.se

Each distributor is responsible for undertaking its own target market assessment in respect of the shares in Argo Defence and determining appropriate distribution channels.

Message of stabilisation measures

Argo Defence Group provides an update on its current order and framework agreement status, as well as its communication policy

Argo Defence Group is a leading supplier of mission-critical equipment to the defence sector and adjacent industries. For 2025, the Group expects to generate revenues of SEK 150–165 million and achieve an EBITDA of SEK 18–23 million. Going forward, over the medium term, Argo Defence Group expects to at least reach its financial targets and deliver continued strong performance. The company’s financial targets include annual organic revenue growth of more than 20%, with individual years potentially affected positively or negatively by the timing of customer orders. In addition to organic growth, the company expects to carry out acquisitions. Furthermore, the financial target is to maintain an EBITDA margin of at least 15% over a business cycle, with individual years potentially affected positively or negatively by the timing of customer orders.

A significant share of revenue is generated from framework agreements, under which the customer initially specifies the volumes intended to be ordered over a period that often extends up to four years. Orders are then placed on an ongoing basis according to need. This structure enables efficient production planning and coordination of suppliers, which in turn ensures reliable, high-quality deliveries.

At present, Argo Defence Group has secured framework agreements with a total value of approximately SEK 862 million, of which around SEK 200 million has already been delivered or ordered for delivery. In total, Argo Defence Group’s order backlog for confirmed deliveries in 2026 amounts to more than SEK 80 million. The remaining volume is expected to generate additional orders during the period 2026–2029, with the majority expected in 2026 and 2027.

Argo has adopted a communication policy under which the Group will continuously inform the market about new major orders, significant framework agreements entered into, and other business events of material importance.

“We are experiencing strong momentum and will continue, as a listed company, to provide the market with ongoing updates on business events of significant importance” says Markus Selme, CEO of Argo Defence Group.

For further information, please contact:
Markus Selme, CEO, Argo Defence Group
Telephone: +46 (0)70-629 85 61
E-mail: markus.selme@argodefence.se

About Argo Defence Group AB (publ)
Argo Defence is a Swedish defence group founded with the mission to deliver advanced materiel, technology, and system solutions that strengthen both military and civil defence. The group brings together specialist companies with complementary expertise, acting as a comprehensive supplier within the defence and security sector. The Company works closely with the Swedish Armed Forces, the Swedish Defence Materiel Administration (FMV), the Swedish Civil Contingencies Agency (MSB), UN organisations, NGOs, and international partners – with deliveries used in everything from peacekeeping operations to active conflict zones.

Argo Defence Group provides an update on its current order and framework agreement status, as well as its communication policy

First day of trading in Argo Defence Group shares on Nordic SME

Argo Defence Group AB (publ) (”Argo Defence” or the “Company”) announces that trading in the Company’s shares on Nordic SME commences today under the ticker “ARGO”. As previously announced, Argo Defence has carried out a directed share issue with subsequent listing of the Company’s shares on Nordic SME (the “Offering”). The Offering attracted strong interest from Swedish and international qualified and institutional investors, as well as from retail investors in Sweden, and was multiple times oversubscribed.

The Over-Allotment Option
To cover any over-allotment in connection with the Offering, the Offering may comprise up to an additional 617,647 new shares, corresponding to a maximum of 15 percent of the total number of shares included in the Offering (the “Over-Allotment Option”). In the event that the Over-Allotment Option is exercised in full, the Company is expected to receive an additional approximately SEK 10 million before transaction costs. Provided that the Over-Allotment Option is exercised in full, the Company’s share capital will increase by a total of 21,403.88 SEK, from SEK 693,441.41 to 714,845.29 SEK, and the number of shares in the Company will increase by a total of 617,647, from 20,010,486 to 20,628,133.

Stabilisation measures
In connection with the Offering, Pareto Securities AB may effect transactions aimed at supporting the market price of the shares at levels above those which might otherwise prevail in the open market. Such stabilisation transactions may be effected on NGM Nordic SME, in the over-the-counter market or otherwise, at any time during the period starting on the date of commencement of trading in the shares on NGM Nordic SME and ending not later than 30 calendar days thereafter. Pareto Securities AB is, however, not required to undertake any stabilisation and there is no assurance that stabilisation will be undertaken.

Stabilisation, if undertaken, may be discontinued at any time without prior notice. In no event will transactions be effected at levels above the price in the Offering. No later than by the end of the seventh trading day after stabilisation transactions have been undertaken, Pareto Securities AB shall disclose that stabilisation transactions have been undertaken in accordance with article 5(4) in the Market Abuse Regulation 596/2014. Within one week of the end of the stabilisation period, Pareto Securities AB will make public whether or not stabilisation was undertaken, the date at which stabilisation started, the date at which stabilisation last occurred and the price range within which stabilisation was carried out, for each of the dates during which stabilisation transactions were carried out.

Argo Defence consists of five subsidiaries that operate primarily in the Nordics and Ukraine, but also conduct business globally together with international partners.

The group has extensive experience working with both Swedish and international clients across the defence and security sectors. The Company combines strong project management, technical expertise, and innovative development to deliver solutions that meet the highest standards of quality, precision, and reliability. By working closely with government agencies, organisations, and industrial partners, Argo Defence ensures that the Company develops solutions following real-world needs and deliver with responsibility and long-term commitment.

Argo Defence continues to demonstrate strong momentum in its largest business area, Defence Materiel, having recently been awarded a framework agreement worth approximately SEK 340 million by FMV. The market conditions are assessed as favorable, and the Company sees opportunities to secure additional, relatively large, framework agreements within this segment. In Disarmament Solutions, where Argo Defence has a local presence in Ukraine, demand has increased during 2025. The number of outstanding bids has risen significantly, and the Company sees potential for these to gradually convert into new projects.

For further information, please contact:
Markus Selme, CEO, Argo Defence Group
Telephone: +46 (0)70-629 85 61
E-mail: markus.selme@argodefence.se

Each distributor is responsible for undertaking its own target market assessment in respect of the shares in Argo Defence and determining appropriate distribution channels.

First day of trading in Argo Defence Group shares on Nordic SME