Kongsberg Gruppen

Transaction in Own Shares • Apr 1, 2022

Transfer of shares in long-term incentive program

Transfer of shares in long-term incentive program

Kongsberg Gruppen ASA (KONGSBERG) has today sold a total of 31 710 own shares at a price of NOK 284.79 per share in connection with the long-term incentive program (LTI) for senior management and key employees. The price has been set in accordance with the guidelines in the long-term intensive program and based on the purchase price KONGSBERG achieved in the market, please see stock exchange announcement on 18 February 2022. There is a three-year lock-in period for the shares.

This notification and attached document provide an overview of primary insiders who have purchased shares through the program.

Shares in the company have been transferred to the following primary insiders on April 1st, 2022:

Geir Håøy has purchased 3 043 shares

Egil Haugsdal has purchased 1 545 shares

Eirik Lie has purchased 1 550 shares

Hege Skryseth has purchased 1 228 shares

Gyrid Skalleberg Ingerø has purchased 1 446 shares

Iver Christian Olerud has purchased 1 192 shares

Hans Petter Blokkum has purchased 1 169 shares

Even Aas has purchased 884 shares

Christian Karde has purchased 973 shares

After these transactions the new holdings are:

Geir Håøy 43 340 shares

Egil Haugsdal 40 554 shares

Eirik Lie 15 495 shares

Hege Skryseth 18 052 shares

Gyrid Skalleberg Ingerø 20 839 shares

Iver Christian Olerud 7 013 shares

Hans Petter Blokkum 9 062 shares

Even Aas 30 199 shares

Christian Karde 3 389 shares

After the above-mentioned transactions KONGSBERG owns a total of 892 343 own shares, corresponding to 0.50% 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 will have to be approved by the General Meeting on 11 May 2022.

This information is subject to disclosure requirements under the EU Market Abuse Regulation.

KONGSBERG (OSE-ticker: KOG) is an international, leading global technology corporation delivering mission-critical systems and solutions with extreme performance for customers that operate under extremely challenging conditions. We work with nations, businesses and research environments to push the boundaries of technology development in industries such as space, offshore and energy, merchant marine, defence and aerospace, and more. KONGSBERG has about 11,000 employees located in more than 40 countries, creating a total revenue of NOK 27.4bn in 2021.

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