Kongsberg Gruppen

Transaction in Own Shares • May 30, 2023

Transactions carried out under the share buy-back program for KONGSBERG related to the employee share program

Transactions carried out under the share buy-back program for KONGSBERG related to the employee share program

As announced 17 January 2023 and 29 March 2023 KONGSBERG will purchase up to MNOK 320 of own shares related to the employee share program.

+-------------------+------------------+-------------------+-------------------+

| Date | Aggregated daily | Weighted | Total |

| | volume | average price | transaction value |

| | (# of shares) | (NOK) | (NOK) |

+-------------------+------------------+-------------------+-------------------+

| 05/22/2023 | 14 000 | NOK 479.02 | NOK 6 706 295 |

+-------------------+------------------+-------------------+-------------------+

| 05/23/2023 | 14 000 | NOK 469.05 | NOK 6 566 641 |

+-------------------+------------------+-------------------+-------------------+

| 05/24/2023 | 14 000 | NOK 456.08 | NOK 6 385 110 |

+-------------------+------------------+-------------------+-------------------+

| 05/25/2023 | 14 000 | NOK 453.93 | NOK 6 355 030 |

+-------------------+------------------+-------------------+-------------------+

| 05/26/2023 | 14 000 | NOK 450.51 | NOK 6 307 207 |

+-------------------+------------------+-------------------+-------------------+

| Total earlier | 441 500 | NOK 459.73 | NOK 202 970 299 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

+-------------------+------------------+-------------------+-------------------+

| Total purchased | 511 500 | NOK 460.00 | NOK 235 290 582 |

| under the program | | | |

+-------------------+------------------+-------------------+-------------------+

See the attached document for information about the individual transaction made under the employee share program.

After the above-mentioned transactions KONGSBERG owns a total of 1,220,246 own shares, corresponding to 0.69 % 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.

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.

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