Kongsberg Gruppen

Transaction in Own Shares • Nov 15, 2021

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.

Overview of transactions:

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

| Date | Aggregert daily | Weighted price | Total |

| | volume | average price | transaction value |

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

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

| 11/09/2021 | 5 776 | NOK 274.70 | NOK 1 586 650 |

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

| 11/10/2021 | 5 694 | NOK 273.05 | NOK 1 554 751 |

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

| 11/11/2021 | 5 641 | NOK 279.81 | NOK 1 578 395 |

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

| 11/12/2021 | 5 548 | NOK 280.59 | NOK 1 556 706 |

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

| 11/15/2021 | 5 576 | NOK 280.11 | NOK 1 561 888 |

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

| Total earlier | 380 506 | NOK 250.56 | NOK 95 339 947 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

| Total purchased | 408 741 | NOK 252.43 | NOK 103 178 337 |

| 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 430 700 own shares, corresponding to 0.24% 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.