Kongsberg Gruppen

Transaction in Own Shares • Jan 17, 2023

KONGSBERG enter into agreement for purchase of own shares for employee share program

KONGSBERG enter into agreement for purchase of own shares for employee share program

KONGSBERG has mandated DNB Markets to purchase shares with a value up to MNOK 320. Pursuant to the mandate agreement, DNB Markets will start the purchasing of shares on or about 30 March 2023 and until 15 June 2023 (unless the period is extended due to regulatory reasons). The total amount will be determined based on the total commitment from the employees but will not exceed MNOK 320. The shares will be transferred to the employees who have chosen to participate in the program immediately after the purchase has been completed. DNB Markets will make its own decisions related to the purchase of the shares independently of, and without influence from the company with regard to the timing of purchase.

The power of attorney to acquire own shares was granted to the company by the Annual General Meeting on 11 May 2022. The power of attorney states that states that the purchase of own shares must be done at a price between NOK 50 and NOK 600 per share. The maximum number of shares that may be acquired is 7,000,000. The shares will be acquired in accordance with current securities legislation and the Oslo Stock Exchange regulations.

Reference is also made to the signed minutes from the company’s annual general meeting on 11 May 2022, available at www.kongsberg.com as well as on www.newsweb.no.

This information is subject to disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act.