Kongsberg Gruppen

Transaction in Own Shares • Oct 24, 2022

Transactions carried out under the share buy-back program and transactions related to long term incentive scheme and employee share program

Transactions carried out under the share buy-back program and transactions related to long term incentive scheme and employee share 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) |

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

| 10/17/2022 | 5 035 | NOK 340,86 | NOK 1 716 245 |

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

| 10/18/2022 | 4 915 | NOK 349,06 | NOK 1 715 607 |

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

| 10/19/2022 | 4 781 | NOK 356,65 | NOK 1 705 140 |

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

| 10/20/2022 | 4 686 | NOK 358,68 | NOK 1 608 777 |

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

| 10/21/2022 | 4 677 | NOK 357,67 | NOK 1 672 828 |

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

| Total earlier | 420 705 | NOK 338,95 | NOK 142 599 383 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

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

| 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 485.078 own shares, corresponding to 0.27% 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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