Kongsberg Gruppen

Transaction in Own Shares • Oct 26, 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.

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

| Date | Aggregert daily | Weighted price | Total |

| | volume | average price | transaction value |

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

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

| 10/19/2021 | 5 821 | NOK 268.60 | NOK 1 563 530 |

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

| 10/20/2021 | 5 855 | NOK 268.16 | NOK 1 570 080 |

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

| 10/21/2021 | 5 824 | NOK 269.40 | NOK 1 569 011 |

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

| 10/22/2021 | 5 815 | NOK 271.75 | NOK 1 580 231 |

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

| 10/25/2021 | 5 708 | NOK 271.93 | NOK 1 552 201 |

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

| Total earlier | 293 786 | NOK 244.71 | NOK 71 892 957 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

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

| 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 373 790 own shares, corresponding to 0.19% 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.