Kongsberg Gruppen

Transaction in Own Shares • Nov 28, 2022

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) |

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

| 11/21/2022 | 4 420 | NOK 381,02 | NOK 1 684 130 |

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

| 11/22/2022 | 4 375 | NOK 387,21 | NOK 1 694 053 |

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

| 11/23/2022 | 4 271 | NOK 390,61 | NOK 1 668 301 |

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

| 11/24/2022 | 4 280 | NOK 390,33 | NOK 1 670 622 |

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

| 11/25/2022 | 4 239 | NOK 394,40 | NOK 1 671 854 |

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

| Total earlier | 534 089 | NOK 345,59 | NOK 184 575 336 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

| Total purchased | 555 746 | NOK 347,27 | NOK 192 991 150 |

| 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 596.025 own shares, corresponding to 0.34% 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 11,000 employees in 40 countries and a total revenue of NOK 27.5bn in 2021.

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