Kongsberg Gruppen

Transaction in Own Shares • Oct 18, 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) |

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

| 10/12/2021 | 6 155 | NOK 256.16 | NOK 1 576 666 |

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

| 10/13/2021 | 6 101 | NOK 257.17 | NOK 1 568 996 |

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

| 10/14/2021 | 6 077 | NOK 257.50 | NOK 1 564 811 |

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

| 10/15/2021 | 6 049 | NOK 265.86 | NOK 1 608 204 |

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

| 10/18/2021 | 5 838 | NOK 269.28 | NOK 1 572 051 |

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

| Total earlier | 263 566 | NOK 242.83 | NOK 64 002 229 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

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

| 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 315 744 own shares, corresponding to 0.18% 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.