Kongsberg Gruppen

Transaction in Own Shares • Aug 23, 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. 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) |

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

| 08/16/2021 | 6 227 | NOK 248.43 | NOK 1 546 976 |

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

| 08/17/2021 | 6 283 | NOK 247.59 | NOK 1 555 634 |

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

| 08/18/2021 | 6 323 | NOK 248.16 | NOK 1 569 116 |

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

| 08/19/2021 | 6 282 | NOK 243.83 | NOK 1 531 730 |

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

| 08/20/2021 | 6 402 | NOK 244.86 | NOK 1 567 596 |

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

| 08/23/2021 | 6 339 | NOK 248.45 | NOK 1 574 890 |

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

| Total earlier | n/a | n/a | n/a |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

| Total purchased | 37 856 | NOK 246.88 | NOK 9 345 944 |

| 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.

After the above-mentioned transactions KONGSBERG owns a total of 60 615 own shares, corresponding to 0.03% of KONGSBERG's share capital.

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").

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.