Kongsberg Maritime ASA Completion of the demerger of Kongsberg Gruppen ASA

22 Apr 2026 17:47 CEST

22 April 2026 -- Reference is made to the stock exchange announcements
published by Kongsberg Gruppen ASA ("KOG ASA") on 30 October 2025, 17 December
2025, 22 January 2026 and 16 April 2026, regarding the demerger and separate
listing of the Kongsberg Maritime business area on Euronext Oslo Børs.

Kongsberg Maritime ASA ("KM ASA") is pleased to inform that the necessary
registrations in the Norwegian Register of Business Enterprises to complete
the demerger have been made, and that the demerger has been completed.

As a result of completion of the demerger:

* KM ASA has issued in total 879,609,245 new shares (the "Demerger
Consideration Shares"). The Demerger Consideration Shares will accrue to
those who are shareholders in KOG ASA as of today, 22 April 2026 (as
registered in KOG ASA's register of shareholders with Euronext Securities
Oslo on 24 April 2026). The Demerger Consideration Shares will be tradable
from 23 April 2026.
* KM ASA's new share capital is NOK 52,776,554.70 divided into 879,609,245
shares, each with a nominal value of NOK 0.06.

The shares in KM ASA will tomorrow, 23 April 2026, commence trading on
Euronext Oslo Børs under the ticker "KMAR". The reference price for the KM ASA
share on Euronext Oslo Børs on 23 April 2026 will be set at NOK 67.00, which
implies a reference price for the KOG ASA share of NOK 307.20 on the same date
(based on the closing trading price on Euronext Oslo Børs for KOG ASA's shares
on 22 April 2026). The actual opening trading prices for each of KM ASA and
KOG ASA will be determined based on Euronext Oslo Børs' call auction mechanism
considering the order book development until 09:00 tomorrow morning. The
reference price for the KM ASA share of NOK 67.00 has been determined based on
an update of the underlying valuation for the division ratio in the demerger
that was carried out in connection with the signing of the demerger plan in
December 2025 reflecting developments in e.g. order book, financial position,
financial estimates, market developments, etc. since then.

About Us
Kongsberg Maritime is a global leader in maritime technology

We deliver advanced solutions to merchant, offshore, fishing, and naval
vessels, setting new standards for safe, efficient, and sustainable operations
- both for new builds and existing fleets. In close collaboration with
customers and research environments, we develop technology that solves real
challenges at sea.

Today, over 30,000 vessels operate with our systems on board.

Kongsberg Maritime has over 8,300 employees in 35 countries.

This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act and Euronext Oslo Rule Book II -
Issuer Rules, at 2026-04-22 17:47 CEST.

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