Kongsberg Gruppen

Regulatory Filings • Mar 12, 2021

Subscription period for employee share program completed

Subscription period for employee share program completed

As announced on 22. December, KONGSBERG has awarded DNB Markets (DNB) the mandate to purchase share for an amount up to MNOK 320 KONGSBERG shares. The mandate is valid from 15. March 2021. Approx. 4 330 employees have signed up for the share programme for a total amount of about MNOK 315. DNB will start the purchase of shares totalling MNOK 315 on 15. March 2021 according to safe harbour regulations. The shares will be transferred to the employees who chose to participate immediately after the completion of the purchase. The number of shares the participants will be allocated will be based on the average price the shares are purchased for and will be decided after the purchases are completed. DNB will make its decisions related to the purchase of the shares, regardless of -and without influence from KONGSBERG withs regard to the time of purchase.

The following primary insiders (including related parties employed in KONGSBERG) have signed up for the program*:

Geir Håøy –100 000 NOK

Gyrid Skalleberg Ingerø – 100 000 NOK

Egil Haugsdal – 100 000 NOK

Eirik Lie – 100 000 NOK

Hege Skryseth – 100 000 NOK

Even Aas – 100 000 NOK

Iver Christian Olerud – 100 000 NOK

Hans Petter Blokkum – 100 000 NOK

Christian Karde – 100 000 NOK

Elisabeth Fossan – 64 000 NOK

Sigmund Ivar Bakke – 100 000 NOK

Ole Magnus Svarva – 100 000 NOK

Jan Erik Hagen – 100 000 NOK

Britt F Hagen (Nærstående) – 100 000 NOK

*The value is prior to 25 % discount. The number of shares the employees will receive will be based on the average purchase price in the market and will be announced on the day of the transferee

Prior to the above-mentioned transactions KONGSBERG owns a total of 625 039 own shares, corresponding to 0.3%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.

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.