Kongsberg Gruppen

Transaction in Own Shares • Sep 26, 2022

Transactions carried out under the share buy-back program and return of shares from previous employee

Transactions carried out under the share buy-back program and return of shares from previous employee

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) |

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

| 09/19/2022 | 5 429 | NOK 308,00 | NOK 1 672 112 |

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

| 09/20/2022 | 5 316 | NOK 314,97 | NOK 1 674 388 |

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

| 09/21/2022 | 5 336 | NOK 326,17 | NOK 1 740 477 |

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

| 09/22/2022 | 5 170 | NOK 317,81 | NOK 1 643 101 |

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

| 09/23/2022 | 5 265 | NOK 315,26 | NOK 1 659 868 |

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

| Total earlier | 317 667 | NOK 342,78 | NOK 108 889 109 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

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

| 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 20 September 2022 KONGSBERG 3,354 shares were returned to KONGSBERG by a previous employee due to resignation during the lock-in period for the shares. The transfer was completed in two tranches whereof the first was for 798 shares at a price of 340/share, and the second consisted of 2,556 shares at a price of 198.75/share.

After the above-mentioned transactions KONGSBERG owns a total of 386 139 own shares, corresponding to 0.22% 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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