Transactions carried out under the share buy-back program

12 Dec 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) |
+-------------------+------------------+-------------------+-------------------+
| 12/05/2022 | 4 096 | NOK 402,72 | NOK 1 649 524 |
+-------------------+------------------+-------------------+-------------------+
| 12/06/2022 | 4 136 | NOK 406,19 | NOK 1 680 016 |
+-------------------+------------------+-------------------+-------------------+
| 12/07/2022 | 4 121 | NOK 404,69 | NOK 1 667 724 |
+-------------------+------------------+-------------------+-------------------+
| 12/08/2022 | 4 130 | NOK 407,55 | NOK 1 683 165 |
+-------------------+------------------+-------------------+-------------------+
| 12/09/2022 | 4 078 | NOK 410,87 | NOK 1 675 523 |
+-------------------+------------------+-------------------+-------------------+
| Total earlier | 576 799 | NOK 349,20 | NOK 201 418 620 |
| announced | | | |
| buy-back under | | | |
| the program | | | |
+-------------------+------------------+-------------------+-------------------+
| Total purchased | 597 360 | NOK 351,17 | NOK 209 774 572 |
| 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 637.639 own
shares, corresponding to 0.36% 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

More information:
Access the news on Oslo Bors NewsWeb site

577890_Copy of KONGSBER (05.12-09.12).pdf