Kongsberg Gruppen

Transaction in Own Shares • Oct 3, 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) |

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

| 09/26/2022 | 5 465 | NOK 307,77 | NOK 1 681 977 |

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

| 09/27/2022 | 5 394 | NOK 315,53 | NOK 1 701 989 |

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

| 09/28/2022 | 5 315 | NOK 312,22 | NOK 1 659 465 |

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

| 09/29/2022 | 5 316 | NOK 326,49 | NOK 1 735 635 |

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

| 09/30/2022 | 5 163 | NOK 328,94 | NOK 1 698 335 |

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

| Total earlier | 344 183 | NOK 340,75 | NOK 117 279 027 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

| Total purchased | 370 836 | NOK 339,12 | NOK 125 756 428 |

| 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").

On 29 September 2022 KONGSBERG initiated a transfer of a total of 1.677 shares to a total of four emplyees. 133 shares are in relation with the employee share program, see announcement from 20 June 2022 for details, and 1.544 shares are in relation with KONGSBERG’s long term incentive scheme, see announcement from 1 April 2022 for details.

After the above-mentioned transactions KONGSBERG owns a total of 411.115 own shares, corresponding to 0.23% 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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