Kongsberg Gruppen

Transaction in Own Shares • Jan 3, 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) |

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

| 12/28/2021 | 5 484 | NOK 284.02 | NOK 1 557 591 |

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

| 12/29/2021 | 5 499 | NOK 284.55 | NOK 1 564 720 |

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

| 12/30/2021 | 5 464 | NOK 284.91 | NOK 1 556 775 |

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

| 01/03/2022 | 5 450 | NOK 288.52 | NOK 1 572 443 |

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

| Total earlier | 575 581 | NOK 257.89 | NOK 148 435 249 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

| Total purchased | 597 478 | NOK 258.90 | NOK 154 686 778 |

| 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 619 437 own shares, corresponding to 0.35% 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.