Kongsberg Gruppen

Remuneration Information • Mar 29, 2023

Subscription period for employee share program completed

Subscription period for employee share program completed

As announced on 17 January 2023, KONGSBERG has awarded DNB Markets (DNB) a mandate to purchase share for an amount up to MNOK 320 KONGSBERG shares. The mandate is valid from 30 March 2023. Approx. 5 200 employees have signed up for the share programme for a total amount of about MNOK 375. KONGSBERGs maximum limit for the program was MNOK 320 and the total allocation will be reduced to this amount. DNB will start the purchase of shares totalling MNOK 320 on 30. March 2022 according to safe harbour regulations. The shares will be transferred to the employees who have chosen to participate immediately after the completion of the purchases. The number of shares the participants will be allocated will be based on the average price the shares are purchased for and will be decided after the purchases are completed. DNB will make its decisions related to the purchase of the shares, regardless of -and without influence from KONGSBERG withs regard to the time of purchase.

The following primary insiders** have signed up for the program*.

Gyrid Skalleberg Ingerø – 80 000 NOK

Eirik Lie – 80 000 NOK

Even Aas – 80 000 NOK

Iver Christian Olerud – 80 000 NOK

Oda Ellingsen – 80 000 NOK

Ivar Ihle – 48 000 NOK

Berit Floor Lund – 80 000 NOK

Kjersti Rød – 80 000 NOK

Vegard Ryen Skullerud – 80 000 NOK

Gry Pedersen Solberg – 32 000 NOK

Sverre Thorsø – 48 000 NOK

Morten Henriksen – 80 000 NOK

Lisa Edvardsen Haugan – 80 000 NOK

Martin Wien Fjell – 80 000 NOK

*The value is prior to 25 % discount. The number of shares the employees will receive will be based on the average purchase price in the market and will be announced on the day of the transferee. Participants that signed up for the maximum amount will after reduction due to over-subscription be receive shares with a total value of NOK 80 000.

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

Prior to the above-mentioned transactions KONGSBERG owns a total of 735 834 own shares, corresponding to 0.41% 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, defence and aerospace industries. Kongsberg has more than 12,000 employees in 39 countries.

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