Kongsberg Gruppen

Transaction in Own Shares • Aug 22, 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) |

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

| 08/15/2022 | 4 931 | NOK 347.15 | NOK 1 711 815 |

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

| 08/16/2022 | 4 858 | NOK 355.60 | NOK 1 727 489 |

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

| 08/17/2022 | 4 642 | NOK 357.47 | NOK 1 659 367 |

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

| 08/18/2022 | 4 642 | NOK 359.31 | NOK 1 667 930 |

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

| 08/19/2022 | 4 627 | NOK 353.94 | NOK 1 637 658 |

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

| Total earlier | 195 200 | NOK 344.08 | NOK 67 163 668 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

| Total purchased | 218 900 | NOK 345.22 | NOK 75 567 928 |

| 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 257 502 own shares, corresponding to 0.15% 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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