Kongsberg Gruppen

Investor Presentation • Nov 12, 2020

MAKING A DIFFERENCE

12/11/2020

Geir Håøy CEO & President

KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with KONGSBERG in writing. Any authorised reproduction in whole or in pa rt, must include this legend. © 2020 KONGSBERG – All rights reserved.

This presentation contains certain forward-looking information and statements. Such forward-looking information and statements are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward-looking information and statements reflect current views with respect to future events and are subject to risks, uncertainties and assumptions. The Company cannot give assurance to the correctness of such information and statements. These forward-looking information and statements can generally be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use terminology such as "targets", "believes", "expects", "aims", "assumes", "intends", "plans", "seeks", "will", "may", "anticipates", "would", "could", "continues", "estimate", "milestone" or other words of similar meaning and similar expressions or the negatives thereof.

By their nature, forward-looking information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by the forward-looking information and statements in this presentation. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company's actual financial condition or results of operations could differ materially from that or those described herein as anticipated, believed, estimated or expected.

Any forward-looking information or statements in this presentation speak only as at the date of this presentation. Except as required by the Oslo Stock Exchange rules or applicable law, the Company does not intend, and expressly disclaims any obligation or undertaking, to publicly update, correct or revise any of the information included in this presentation, including forward-looking information and statements, whether to reflect changes in the Company's expectations with regard thereto or as a result of new information, future events, changes in conditions or circumstances or otherwise on which any statement in this presentation is based.

Given the aforementioned uncertainties, prospective investors are cautioned not to place undue reliance on any of these forward-looking statements.

40 COUNTRIES

DIGITAL FRONTIER

LAND-BASED

From deep sea to

outer space

SEABORNE

AIRBORNE

DEEP SEA

ADAPTING TO A CHANGING WORLD

GROWTH AND IMPROVED FINANCIALS

STRATEGIC PLATFORM CREATING LONG TERM COMPETETIVE POWER

WE HAVE TAKEN LEADING INDUSTRIAL POSITIONS IN GROWING MARKETS

MARKET OPPORTUNITIES IN GREEN TRANSFORMATION

COMMERCIALISING AUTONOMOUS SHIPPING

INCREASED DEMAND FOR DYNAMIC DIGITAL SOLUTIONS AND REMOTE OPERATIONS

MARKET FOR DIGITAL VESSELS MATURING

DEFENCE AND NATIONAL SECURITY HIGH ON THE AGENDA – INTERNATIONAL DEMAND FOR #1 DEFENCE SYSTEMS

OUR STRONG SPACE POSITION OPENS UP NEW MARKETS AND NEW CUSTOMERS

THE WORLD IS DEMANDING MORE SEAFOOD AND KNOWLEDGE ABOUT THE OCEANS

GROWTH AMBITIONS AND PROFITABILITY 2022

STRATEGIC PRIORITIES

	• Focus on cost efficiency • Drive digital transformation • Strong commitment to ESG
Kongsberg Defence & Aerospace	• Deliver on strong project portfolio • Secure the opportunity pipeline • Foster our partnerships
Kongsberg Maritime	• Lead the market for integrated maritime green solutions • Strengthen footprint within sensors and robotics • Lead the Intelligent Vessel revolution
Kongsberg Digital	• Secure our leading position in Dynamic Digital Twins • Vessel Insight as leading digital platform for Maritime • Focus on growth through SaaS business model

DELIVER ON TARGET

POSITIONED FOR TOMORROW

OUR COMMITTMENT: CREATING VALUE THROUGH PEOPLE, TECHNOLOGY AND DEDICATION

KONGSBERG PROPRIETARY - See Statement of Proprietary information