Kongsberg Gruppen

Transaction in Own Shares • Nov 1, 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 | Aggregated daily | Weighted | Total |

| | volume | average price | transaction value |

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

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

| 10/26/2021 | 5 729 | NOK 271.54 | NOK 1 555 681 |

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

| 10/27/2021 | 5 759 | NOK 273.38 | NOK 1 574 390 |

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

| 10/28/2021 | 5 700 | NOK 269.95 | NOK 1 538 691 |

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

| 10/29/2021 | 5 828 | NOK 277.15 | NOK 1 615 221 |

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

| 11/01/2021 | 5 632 | NOK 272.10 | NOK 1 532 488 |

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

| Total earlier | 322 809 | NOK 246.98 | NOK 79 728 011 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

| Total purchased | 351 457 | NOK 249.09 | NOK 87 544 481 |

| 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 373 416 own shares, corresponding to 0.21% 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 marine, oil & gas, defence and aerospace industries. Kongsberg has almost 11,000 employees in 40 countries. Follow us on Twitter: @kongsbergasa.