Kongsberg Gruppen

Transaction in Own Shares • Sep 5, 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) |

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

| 08/29/2022 | 4 811 | NOK 343.02 | NOK 1 650 296 |

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

| 08/30/2022 | 4 845 | NOK 343.63 | NOK 1 664 888 |

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

| 08/31/2022 | 4 931 | NOK 340.10 | NOK 1 677 034 |

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

| 09/01/2022 | 4 952 | NOK 338.40 | NOK 1 675 762 |

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

| 09/02/2022 | 4 972 | NOK 337.43 | NOK 1 677 704 |

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

| Total earlier | 242 790 | NOK 345.78 | NOK 83 952 509 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

| Total purchased | 267 301 | NOK 345.30 | NOK 92 298 193 |

| 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 305 903 own shares, corresponding to 0.17% 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.

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