Kongsberg Gruppen

Remuneration Information • Mar 20, 2024

Subscription period for employee share program completed

Subscription period for employee share program completed

As announced on 4 January 2024, KONGSBERG has awarded DNB Markets (DNB) a mandate to purchase share for an amount up to MNOK 360 KONGSBERG shares. The mandate is valid from 21 March 2024. Approx. 6 000 employees have signed up for the share programme for a total amount of about MNOK 440. KONGSBERGs maximum limit for the program was MNOK 360 and the total allocation will be reduced to this amount.

DNB will start the purchase of shares totalling MNOK 360 on 21 March 2024 according to safe harbour regulations. The purchases will be carried out in accordance with the mandate given by the General Assembly. The current mandate, given by the General Assembly on 11 May 2023, limits the purchase of shares to a price between 50 NOK and 700 NOK per share. 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.

The following primary insiders** have signed up for the program*.

Mette Toft Bjørgen – 76 200 NOK

Eirik Lie – 76 200 NOK

Lisa Edvardsen Haugan – 76 200 NOK

Martin Wien Fjell – 76 200 NOK

Even Aas – 76 200 NOK

Rune Fanøy – 64 000 NOK

Oda Ellingsen – 76 200 NOK

Kjersti Rød – 76 200 NOK

Vegard Ryen Skullerud – 76 200 NOK

Sverre Thorsø – 48 000 NOK

Sindre Eirik Marthasson Martinsen – 76 200 NOK

Thomas Evensen – 76 200 NOK

Berit Floor Lund – 76 200 NOK

Cathrine Bjerkan Aarvik – 32 000 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. Participants that signed up for the maximum amount will after reduction due to over-subscription be receive shares with a total value of NOK 76 200.

** The company’s Chief Executive Officer does not have access to participate

Prior to the above-mentioned transactions KONGSBERG owns a total of 33 211 own shares, corresponding to 0.18 % 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 13,500 employees in 39 countries and has a total turnover of NOK 40.6 billion in 2023. Follow us at: kongsberg.com, Facebook, Twitter and LinkedIn