Transactions carried out under the share buy-back program

21 Nov 2022 08:50 CET

As announced 13 May 2022 KONGSBERG has placed a non-discretionary agreement with
Danske Bank for the repurchase of KONGSBERG shares for up to NOK 250 million in
the market. The share repurchases started 20 June 2022.

+-------------------+------------------+-------------------+-------------------+
| Date | Aggregated daily | Weighted | Total |
| | volume | average price | transaction value |
| | (# of shares) | (NOK) | (NOK) |
+-------------------+------------------+-------------------+-------------------+
| 11/14/2022 | 4 468 | NOK 370,55 | NOK 1 655 616 |
+-------------------+------------------+-------------------+-------------------+
| 11/15/2022 | 4 489 | NOK 378,59 | NOK 1 699 498 |
+-------------------+------------------+-------------------+-------------------+
| 11/16/2022 | 4 417 | NOK 381,32 | NOK 1 684 283 |
+-------------------+------------------+-------------------+-------------------+
| 11/17/2022 | 4 377 | NOK 374,52 | NOK 1 639 278 |
+-------------------+------------------+-------------------+-------------------+
| 11/18/2022 | 4 420 | NOK 377,59 | NOK 1 668 969 |
+-------------------+------------------+-------------------+-------------------+
| Total earlier | 511 918 | NOK 344,25 | NOK 176 227 691 |
| announced | | | |
| buy-back under | | | |
| the program | | | |
+-------------------+------------------+-------------------+-------------------+
| Total purchased | 534 089 | NOK 345,59 | NOK 184 575 336 |
| 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 2023 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 13 May
2022.

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 574.368 own
shares, corresponding to 0.32% of KONGSBERG's share capital.

This information is subject to the disclosure requirements pursuant to §5-12 of
the Norwegian Securities Trading Act and requirements under the EU Market Abuse
Regulation.

Kongsberg (OSE-ticker: KOG) is an international, knowledge-based group that
supplies high-tech systems and solutions to customers in the energy, merchant,
navy and defence and aerospace industries. Kongsberg has more than 11,000
employees in 40 countries and a total revenue of NOK 27.5bn in 2021.
Follow us on: kongsberg.com, Facebook, Twitter and LinkedIn

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576236_Copy of KONGSBER (14.11-18.11).pdf