Kongsberg Gruppen

Transaction in Own Shares • Jan 2, 2023

Transactions carried out under the share buy-back program

Transactions carried out under the share buy-back program

As announced 13 May 2022 KONGSBERG has placed a non-discretionary agreement with Danske Bank for the repurchase of KONGSBERG shares for up to NOK 250 million in the market. The share repurchases started 20 June 2022.

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

| Date | Aggregated daily | Weighted | Total |

| | volume | average price | transaction value |

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

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

| 12/27/2022 | 3 770 | NOK 417,23 | NOK 1 572 940 |

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

| 12/28/2022 | 3 829 | NOK 419,57 | NOK 1 606 524 |

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

| 12/29/2022 | 3 821 | NOK 418,46 | NOK 1 598 950 |

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

| 12/30/2022 | 3 812 | NOK 417,25 | NOK 1 590 558 |

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

| Total earlier | 638 099 | NOK 354,91 | NOK 226 465 812 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

| Total purchased | 653 331 | NOK 356,38 | NOK 232 834 784 |

| under the program | | | |

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

See the attached document for information about the individual transaction made under the buy-back program.

KONGSBERG will seek approval from the 2023 Annual General Meeting for cancellation of the repurchased shares. For further information regarding the share buy-back program, please see the stock exchange notifications from 13 May 2022.

The buyback program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU) No 2016/1052 ("Safe Harbour Regulation").

After the above-mentioned transactions KONGSBERG owns a total of 693.610 own shares, corresponding to 0.39% of KONGSBERG's share capital.

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 40 countries and a total revenue of NOK 27.5bn in 2021.

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