Kongsberg Gruppen

Share Issue/Capital Change • May 19, 2025

Subscription period for employee share program completed

Subscription period for employee share program completed

As announced on 22 January 2025, KONGSBERG has awarded DNB Markets a mandate to purchase shares for a total value of up to NOK 360 million in KONGSBERG. The mandate relates to the buy-back of shares in the company's employee share programme. DNB Markets started purchasing shares on 9 May 2025, and the purchases will be completed by 10 June 2025.

A total of 8,947 employees participated in the share program, an increase of more than 3,000 employees from last year. KONGSBERG's maximum limit for the share programme is NOK 360 million and the total allocation will be reduced to this amount. Participants who chose to subscribe for the maximum amount will due to over-subscription be allotted shares for NOK 44,650 after proration.

The shares will be transferred to the employees who have chosen to participate immediately after the completion of the purchases. 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.

This announcement provides an overview of primary insiders and related parties who have ordered shares through the programme. The amount is before a discount of 25%. There is a one-year lock-in period on the shares.

The following primary insiders* 19 May 2024:

Mette Toft Bjørgen NOK 44 650

Eirik Lie NOK 44,650

Lisa Edvardsen Haugan NOK 44 650

Martin Wien Fjell NOK 44 650

Christian Karde NOK 44 650

Even Aas NOK 44 650

Vegard Ryen Skullerud NOK 44 650

Kjersti Red NOK 44 650

Thomas Evensen NOK 44 650

Rune Fanøy NOK 44 650

Roland Sauter NOK 44 650

*The company's CEO is not eligible to participate in the program

The following related parties:

Sheila Kristina Hoff NOK 45 650

Prior to the completion of the above transactions, KONGSBERG owns a total of 2,983 treasury shares, which corresponds to 0.01% of KONGSBERG's share capital.

KONGSBERG (OSE ticker: KOG) is an international knowledge-based group that supplies high-technology systems and solutions to customers in a wide range of markets such as defence, security, maritime, energy, aerospace, climate mapping and subsea technology. KONGSBERG has more than 14,600 employees in more than 40 countries and has a total revenue of NOK 48.9 billion in 2024.