Kongsberg Gruppen — M&A Activity 2016

May 24, 2016

KONGSBERG's 49.9% share purchase in Patria Oyj is completed

KONGSBERG's 49.9% share purchase in Patria Oyj is completed

Reference is made to the stock market announcement on

17 March 2016 on KONGSBERG's purchase of 49.9% of the

shares in the Finnish company Patria Oyj.

Today, the transaction was completed. The final

purchase price is EUR 283.5 million, including

interest and transfer tax.

KONGSBERG (OSE-ticker: KOG) is an international,

knowledge-based group delivering high technology

systems and solutions to clients within the oil and

gas industry, merchant marine, defence and aerospace.

KONGSBERG has 7 700 employees located in more than 25

countries and total revenues of NOK 17.0 billion in

2015. Follow us on Twitter: @kongsbergasa.

This information is subject to disclosure requirements

pursuant to §5-12 of the Norwegian Securities Trading

Act.