Kongsberg Gruppen

Transaction in Own Shares • Feb 18, 2022

Transactions carried out under the share buy-back program for KONGSBERG related to the long-term incentive plan for management

Transactions carried out under the share buy-back program for KONGSBERG related to the long-term incentive plan for management

As announced 5 January 2022 and 10 February 2022 KONGSBERG has mandated Danske Bank to purchase MNOK 9.1 of treasury shares on behalf of KONGSBERG related to a long-term incentive (LTI) plan for management. The stock exchange notice dated 5 January 2022 stated that the shares were to be purchased between 11 February and 25 February 2022. The share buy-back under this programme is now completed.

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

| Date | Aggregated daily | Weighted | Total |

| | volume | average price | transaction value |

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

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

| 02/11/2022 | 5 000 | NOK 275.34 | NOK 1 376 721 |

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

| 02/14/2022 | 5 284 | NOK 287.29 | NOK 1 518 024 |

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

| 02/15/2022 | 5 243 | NOK 286.45 | NOK 1 501 862 |

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

| 02/16/2022 | 5 458 | NOK 288.43 | NOK 1 574 271 |

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

| 02/17/2022 | 5 470 | NOK 285,20 | NOK 1 560 061 |

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

| 02/18/2022 | 5 514 | NOK 284.56 | NOK 1 569 061 |

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

| Total earlier | 0 | - | NOK 0 |

| announced | | | |

| buy-back under | | | |

| the program | | | |

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

| Total purchased | 31 969 | NOK 284.65 | NOK 9 100 000 |

| under the program | | | |

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

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

After the above-mentioned transactions KONGSBERG owns a total of 814 053 own shares, corresponding to 0.46% of KONGSBERG's share capital. Out of these 760 125 shares are related to the buy-back of shares for cancelation where the cancelation of shares will have to be approved by the General Meeting on 11 May 2022.

Kongsberg (OSE-ticker: KOG) is an international, knowledge-based group that supplies high-tech systems and solutions to customers in the energy, merchant, defence and aerospace industries. Kongsberg has approximately 11,000 employees in 40 countries.

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