Kongsberg Gruppen

Transaction in Own Shares • Jan 31, 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) |

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

| 01/25/2022 | 6 165 | NOK 265.80 | NOK 1 638 661 |

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

| 01/26/2022 | 6 137 | NOK 272.15 | NOK 1 670 196 |

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

| 01/27/2022 | 5 910 | NOK 273.27 | NOK 1 614 996 |

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

| 01/28/2022 | 5 880 | NOK 268.86 | NOK 1 580 880 |

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

| 01/31/2022 | 6 049 | NOK 269.63 | NOK 1 630 999 |

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

| Total earlier | 682 068 | NOK 262.15 | NOK 178 805 580 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

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

| 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 734 168 own shares, corresponding to 0.41% 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.