Kongsberg Gruppen

Transaction in Own Shares • Oct 31, 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) |

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

| 10/24/2022 | 4 706 | NOK 356,18 | NOK 1 676 198 |

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

| 10/25/2022 | 4 700 | NOK 355,34 | NOK 1 670 117 |

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

| 10/26/2022 | 4 662 | NOK 366,13 | NOK 1 706 896 |

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

| 10/27/2022 | 4 576 | NOK 361,15 | NOK 1 652 600 |

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

| 10/28/2022 | 4 664 | NOK 379,30 | NOK 1 769 042 |

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

| Total earlier | 444 706 | NOK 339,68 | NOK 151 058 621 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

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

| 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 508.386 own shares, corresponding to 0.29% 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.

Follow us on: kongsberg.com, Facebook, Twitter and LinkedIn