Kongsberg Gruppen

Transaction in Own Shares • Feb 7, 2022

Transactions carried out under the share buy-back program

Transactions carried out under the share buy-back program

As announced 19 May 2021 KONGSBERG has placed a non-discretionary agreement with Danske Bank for the repurchase of KONGSBERG shares for up to NOK 200 million in the market. The share repurchases started 16 August 2021.

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

| Date | Aggregated daily | Weighted | Total |

| | volume | average price | transaction value |

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

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

| 02/01/2022 | 6 035 | NOK 269.34 | NOK 1 625 481 |

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

| 02/02/2022 | 6 005 | NOK 271.23 | NOK 1 628 724 |

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

| 02/03/2022 | 6 008 | NOK 268.99 | NOK 1 616 119 |

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

| 02/04/2022 | 6 018 | NOK 268.92 | NOK 1 616 564 |

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

| 02/07/2022 | 6 015 | NOK 265.89 | NOK 1 599 308 |

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

| Total earlier | 712 209 | NOK 262.48 | NOK 186 941 312 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

| Total purchased | 742 290 | NOK 262.74 | NOK 195 027 507 |

| 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 2022 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 6 May 2021 and 19 May 2021.

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 764 249 own shares, corresponding to 0.43% of KONGSBERG's share capital.

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.