Kongsberg Gruppen

Transaction in Own Shares • May 20, 2022

Transactions carried out under the share buy-back program for KONGSBERG related to the employee share program

Transactions carried out under the share buy-back program for KONGSBERG related to the employee share program

As announced 5 January 2022 and 11 March 2022 KONGSBERG will purchase up to MNOK 320 of own shares related to the employee share program.

The stock exchange notice dated 11 March 2022 stated that shares for a value of NOK 316 million were to be purchased from 25 March

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

| Date | Aggregated daily | Weighted price | Total |

| | volume | average price | transaction value |

| | (# of shares) | (NOK) | (NOK) |

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

| 05/16/2022 | 24 000 | NOK 338.77 | NOK 8 130 442 |

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

| 05/18/2022 | 24 000 | NOK 343.62 | NOK 8 246 762 |

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

| 05/19/2022 | 23 000 | NOK 337.65 | NOK 7 765 853 |

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

| 05/20/2022 | 23 000 | NOK 340,66 | NOK 7 835 132 |

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

| Total earlier | 569 000 | NOK 371.60 | NOK 211 442 019 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

| Total purchased | 663 000 | NOK 367.14 | NOK 243 420 209 |

| under the program | | | |

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

See the attached document for information about the individual transaction made under the employee share program.

After the above-mentioned transactions KONGSBERG owns a total of 1,445,343 own shares, corresponding to 0.81% of KONGSBERG's share capital. Out of these 760,125 shares are related to the buy-back of shares for cancelation where the cancelation of shares were approved by the General Meeting on 11 May 2022.

Kongsberg (OSE-ticker: KOG) is an international, knowledge-based group that supplies high-tech systems and solutions to customers in the merchant navy and oil & gas, defence and aerospace industries. Kongsberg has almost 11,000 employees in 40 countries. Follow us on Twitter: @kongsbergasa.