Kongsberg Gruppen

Transaction in Own Shares • Nov 7, 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) |

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

| 10/31/2022 | 4 463 | NOK 373,36 | NOK 1 666 300 |

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

| 11/01/2022 | 4 492 | NOK 383,47 | NOK 1 722 563 |

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

| 11/02/2022 | 4 284 | NOK 390,04 | NOK 1 670 942 |

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

| 11/03/2022 | 4 304 | NOK 386,86 | NOK 1 665 044 |

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

| 11/04/2022 | 4 292 | NOK 379,72 | NOK 1 629 760 |

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

| Total earlier | 468 014 | NOK 340,87 | NOK 159 533 474 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

| Total purchased | 489 849 | NOK 342,73 | NOK 167 888 084 |

| 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 530.128 own shares, corresponding to 0.30% 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.