Kongsberg Gruppen

Transaction in Own Shares • Dec 14, 2021

Transactions carried out under the share buy-back program

Transactions carried out under the share buy-back program

As announced 19 May 2021 KONGSBERG has placed a non-discretionary agreement with Danske Bank for the repurchase of KONGSBERG shares for up to NOK 200 million in the market. The share repurchases started 16 August 2021.

Overview of transactions:

+-------------------+------------------+-------------------+-------------------+

| Date | Aggregated daily | Weighted | Total |

| | volume | average price | transaction value |

| | (# of shares) | (NOK) | (NOK) |

+-------------------+------------------+-------------------+-------------------+

| 12/07/2021 | 5 878 | NOK 270.15 | NOK 1 587 941 |

+-------------------+------------------+-------------------+-------------------+

| 12/08/2021 | 5 759 | NOK 272.82 | NOK 1 571 163 |

+-------------------+------------------+-------------------+-------------------+

| 12/09/2021 | 5 600 | NOK 271.25 | NOK 1 518 998 |

+-------------------+------------------+-------------------+-------------------+

| 12/10/2021 | 5 719 | NOK 270.49 | NOK 1 546 956 |

+-------------------+------------------+-------------------+-------------------+

| 12/13/2021 | 5 797 | NOK 270.61 | NOK 1 568 721 |

+-------------------+------------------+-------------------+-------------------+

| Total earlier | 494 470 | NOK 255.88 | NOK 126 522 922 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

+-------------------+------------------+-------------------+-------------------+

| Total purchased | 523 223 | NOK 256.71 | NOK 134 316 701 |

| under the program | | | |

+-------------------+------------------+-------------------+-------------------+

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

KONGSBERG will seek approval from the 2022 Annual General Meeting for cancellation of the repurchased shares. For further information regarding the share buy-back program, please see the stock exchange notifications from 6 May 2021 and 19 May 2021.

The buyback program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU) No 2016/1052 ("Safe Harbour Regulation").

After the above-mentioned transactions KONGSBERG owns a total of 545 182 own shares, corresponding to 0.30% of KONGSBERG's share capital.

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.