Kongsberg Gruppen

Transaction in Own Shares • Mar 26, 2021

Transfer of shares in long-term incentive program

Transfer of shares in long-term incentive program

Kongsberg Gruppen ASA (KONGSBERG) has today sold a total of 46 089 own shares at a price of NOK 179.63 per share in connection with the long-term incentive program (LTI) for senior management and key employees. The price has been set in accordance with the guidelines in the long-term intensive program and based on the purchase price KONGSBERG achieved in the market, please see stock exchange announcement on 5 March 2021. There is a three-year lock-in period for the shares.

This notification and attached document provide an overview of primary insiders who have purchased shares through the program.

Shares in the company have been transferred to the following primary insiders on March 26, 2021:

Geir Håøy has purchased 4 760 shares

Egil Haugsdal has purchased 2 424 shares

Eirik Lie has purchased 2 220 shares

Hege Skryseth has purchased 1 920 shares

Gyrid Skalleberg Ingerø has purchased 2 267 shares

Iver Christian Olerud has purchased 1 041 shares

Hans Petter Blokkum has purchased 1 835 shares

Even Aas has purchased 1 383 shares

Christian Karde has purchased 839 shares

After these transactions the new holdings are:

Geir Håøy 39 809 shares

Egil Haugsdal 38 518 shares

Eirik Lie 13 457 shares

Hege Skryseth 16 336 shares

Gyrid Skalleberg Ingerø 18 905 shares

Iver Christian Olerud 5 333 shares

Hans Petter Blokkum 7 405 shares

Even Aas 28 827 shares

Christian Karde 1 928 shares

After the above-mentioned transactions KONGSBERG owns a total of 872 190 own shares, corresponding to 0.5% of KONGSBERG's share capital. Out of these 578 262 shares are related to the buy-back of shares for cancelation where the cancelation of shares will have to be approved by the General Meeting on 6 May 2021.

This information is subject to disclosure requirements under the EU Market Abuse Regulation.

KONGSBERG (OSE-ticker: KOG) is an international, leading global technology corporation delivering mission-critical systems and solutions with extreme performance for customers that operate under extremely challenging conditions. We work with nations, businesses and research environments to push the boundaries of technology development in industries such as space, offshore and energy, merchant marine, defence and aerospace, and more. KONGSBERG has about 11,000 employees located in more than 40 countries, creating a total revenue of NOK 25.6bn in 2020.

Follow us on: kongsberg.com, Facebook, Twitter and LinkedIn