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Regulatory press release

Scandinavian Astor Group AB: Astor Group's EW company receives order worth approximately SEK 21 million

Scandinavian Astor Group
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Scandinavian Astor Group's (`Astor Group' or `the Company') subsidiary in Electromagnetic Warfare ("EW"), Oscilion, has received an order for, among other things, the drone jammer Eclipse from a country in the Western world. The order value is approximately SEK 21 million and deliveries are scheduled for 2025.

The EW operations of the subsidiary Oscilion have received an order of approximately SEK 21 million for EW systems and equipment. Deliveries will begin before the summer and be completed by 2025. The orders also include training and technical support.

Due to the nature of the industry and the circumstances of the customer, as well as national security interests, no further information about this order or the customer will be disclosed.

Scandinavian Astor Group - Strength and security in all elements

For further information, please contact:
Scandinavian Astor Group's CEO Mattias Hjorth
E-mail: ir@astorgroup.se

This information is information that Scandinavian Astor Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact person set out above, at the time specified by Astor Group's news distributor at the time of publication of this press release.

Please note that this is an English translation of a press release written in Swedish by Scandinavian Astor Group AB (publ), in the event of any inaccuracies, the Swedish version applies.

About Scandinavian Astor Group AB (publ)
Scandinavian Astor Group is a Swedish defense group shaping the future of security and protection. Through its three business areas - Astor Tech, Astor Industry and Astor Protect - the Group delivers advanced technology, high-quality components and critical security solutions to primarily the defense, industry and public safety sectors. Astor Group is listed on NGM Nordic SME (ticker: ASTOR) and Boerse Stuttgart. The Company is headquartered in Stockholm, Sweden. Shark Communication AB, tel. +46 73-434 45 15, e-mail: info@sharkcom.se is the Company's Mentor. For more information about Astor Group's business, visit: www.astorgroup.se

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