Kongsberg Gruppen

Transaction in Own Shares • Sep 13, 2021

CORR; Transactions carried out under the share buy-back program

CORR; 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. Share repurchases were to start no earlier than 16 August 2021

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

| Date | Aggregert daily | Weighted price | Total |

| | volume | average price | transaction value |

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

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

| 09/07/2021 | 6 406 | NOK 242.29 | NOK 1 552 054 |

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

| 09/08/2021 | 6 518 | NOK 236.38 | NOK 1 540 862 |

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

| 09/09/2021 | 6 518 | NOK 237.07 | NOK 1 545 242 |

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

| 09/10/2021 | 6 558 | NOK 238.00 | NOK 1 560 773 |

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

| 09/13/2021 | 6 575 | NOK 237.90 | NOK 1 564 199 |

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

| Total earlier | 100 631 | NOK 246.85 | NOK 24 840 686 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

| Total purchased | 133 206 | NOK 244.76 | NOK 32 603 816 |

| 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 170 262 own shares, corresponding to 0.1% 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.