Kongsberg Gruppen

Transaction in Own Shares • May 8, 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) |

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

| 05/02/2023 | 13 500 | NOK 480.09 | NOK 6 481 156 |

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

| 05/03/2023 | 13 444 | NOK 482.22 | NOK 6 482 955 |

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

| 05/04/2023 | 13 556 | NOK 478.92 | NOK 6 492 272 |

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

| 05/05/2023 | 13 500 | NOK 472.26 | NOK 6 375 532 |

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

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

| Total earlier | 277 000 | NOK 450.08 | NOK 124 672 354 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

| Total purchased | 331 000 | NOK 454.70 | NOK 150 504 269 |

| 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 1,039,746 own shares, corresponding to 0.59 % 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 will have to be 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.

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