Kongsberg Gruppen

Regulatory Filings • Mar 11, 2022

Subscription period for employee share program completed

Subscription period for employee share program completed

As announced on 5 January 2022, KONGSBERG has awarded DNB Markets (DNB) the mandate to purchase share for an amount up to MNOK 320 KONGSBERG shares. The mandate is valid from 25. March 2022. Approx. 4 450 employees have signed up for the share programme for a total amount of about MNOK 316. DNB will start the purchase of shares totalling MNOK 316 on 25. March 2022 according to safe harbour regulations. The shares will be transferred to the employees who chose to participate immediately after the completion of the purchase. The number of shares the participants will be allocated will be based on the average price the shares are purchased for and will be decided after the purchases are completed. DNB will make its decisions related to the purchase of the shares, regardless of -and without influence from KONGSBERG withs regard to the time of purchase.

The following primary insiders have signed up for the program*;

Geir Håøy** – 100 000 NOK

Gyrid Skalleberg Ingerø – 100 000 NOK

Egil Haugsdal – 100 000 NOK

Eirik Lie – 100 000 NOK

Hege Skryseth – 100 000 NOK

Even Aas – 100 000 NOK

Iver Christian Olerud – 48 000 NOK

Hans Petter Blokkum – 100 000 NOK

Christian Karde – 100 000 NOK

Oda Ellingsen – 100 000 NOK

Ivar Ihle – 48 000 NOK

Helge Lintvedt – 100 000 NOK

Berit Floor Lund – 100 000 NOK

Kjersti Rød – 100 000 NOK

Vegard Ryen Skullerud – 100 000 NOK

Gry Pedersen Solberg – 32 000 NOK

Sverre Thorsø – 48 000 NOK

*The value is prior to 25 % discount. The number of shares the employees will receive will be based on the average purchase price in the market and will be announced on the day of the transferee

** Chief Executive Officer Geir Håøy does not receive the discount and will pay the full amount for the shares.

Prior to the above-mentioned transactions KONGSBERG owns a total of 814 053 own shares, corresponding to 0.46% 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.

Kongsberg (OSE-ticker: KOG) is an international, knowledge-based group that supplies high-tech systems and solutions to customers in the energy, merchant, defence and aerospace industries. Kongsberg has approximately 11,000 employees in 40 countries.

Follow us on Twitter: @kongsbergasa.