Kongsberg Gruppen

Transaction in Own Shares • Mar 5, 2021

Transactions carried out under the share buy-back program for KONGSBERG related to the long-term incentive plan for management

Transactions carried out under the share buy-back program for KONGSBERG related to the long-term incentive plan for management

As announced 15. January 2021 and 26 February 2021 KONGSBERG will purchase MNOK 8.4 of own shares related to long-term incentive (LTI) plan for management.

The stock exchange notice dated 15 January 2021 stated that the shares were to be purchased between 12. February and 11. March 2021. The announcement from 26 February specified this to between 1 March and 11 March 2021.

The share buy-back under this programme is now completed.

Overview of transactions

Date Aggregate daily volume (number of shares) Weighted average price (NOK) Total transaction value (NOK)

1. March 2021 5 273 180.12 949 779

2. March 2021 5 117 180.56 923 946

3. March 2021 5 191 179.46 931 564

4. March 2021 15 574 179.28 2 792 055

5. March 2021 15 622 179.31 2 801 217

Total previously announced purchases under the program 0 0 0

Total purchased under the program 46 777 179.54 8 398 561

See the attached document for information about the individual transaction made under the LTI-share buy-back program.

After 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.