Kongsberg Gruppen

Transaction in Own Shares • Jun 20, 2023

Share program for employees

Share program for employees

Today, 20 June 2023, Kongsberg Gruppen ASA has started the transfer of 691 443 own shares at price NOK 460.24 per share in conjunction with a share program for employees. The shares are purchased in the market from 30th of March 2023 to 15th of June 2023 and the share price corresponds to the average purchase price adjusted for dividends. The participants receive 25 % discount on the purchase price. The discount from market price is subject to taxation. A total of 5 194 employees participated in the program. The maximum number of shares per employee was 174. There is a lock-in period of one year for the shares.

This notification and attached document provide an overview of primary insiders who have purchased shares through the program.

Shares in the company have been transferred to the following primary insiders* on 20 June 2022:

Mette Toft Bjørgen has purchased 174 shares

Eirik Lie has purchased 174 shares

Lisa Edvardsen Haugan 186* shares

Martin Wien Fjell has purchased 174 shares

Iver Christian Olerud has purchased 174 shares

Even Aas has purchased 174 shares

Oda Linn Almo Ellingsen has purchased 174 shares

Vegard Ryen Skullerud has purchased 174 shares

Kjersti Rød has purchased 174 shares

Ivar-Andre Flakstad Ihle has purchased 104 shares

Sverre Thorsø has purchased 104 shares

Gry Pedersen Solberg has purchased 69 shares

Berit Floor Lund has purchased 174 shares

Sindre Eirik Marthasson Martinsen has purchased 174 shares

Cathrine Bjerkan Aarvik has purchased 69 shares

Thomas Evensen has purchased 139 shares

* The company’s Chief Executive Officer does not have access to participate

** 12 of the shares is a transaction related to the company’s long term incentive program (as announced 29th of March 2023)

After these transactions the new holdings are:

Mette Toft Bjørgen 1 519 shares

Eirik Lie 17 076 shares

Lisa Edvardsen Haugan 7 585 shares

Martin Wien Fjell 5 991 shares

Iver Christian Olerud 8 189 shares

Even Aas 31 295 shares

Oda Linn Almo Ellingsen 1 524 shares

Vegard Ryen Skullerud 1 804 shares

Kjersti Rød 2 127 shares

Ivar-Andre Flakstad Ihle 1056 shares

Sverre Thorsø 471 shares

Gry Pedersen Solberg 483 shares

Berit Floor Lund 3 224 shares

Sindre Eirik Marthasson Martinsen 2 631 shares

Cathrine Bjerkan Aarvik 160 shares

Thomas Evensen 531 shares

After this transaction, Kongsberg Gruppen ASA owns 713 153 own shares, corresponding to 0.40 % of KONGSBERG's share capital. Out of these 695 555 shares are related to the buy-back of shares for cancelation where the cancelation of shares was approved by the General Meeting on 11 May 2023.

This information is subject to the disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act and requirements under the EU Market Abuse Regulation.

Kongsberg (OSE-ticker: KOG) is an international, knowledge-based group that supplies high-tech systems and solutions to customers in the energy, merchant, navy and defence and aerospace industries. Kongsberg has more than 12,000 employees in 39 countries and had total revenues of NOK 31.8bn in 2022.

Follow us on: kongsberg.com, Facebook, Twitter and LinkedIn