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Regulatory press release

KOG: Transactions carried out under the share buy-back program for KONGSBERG related to the employee share program

Kongsberg Gruppen
As announced 5 January 2022 and 11 March 2022 KONGSBERG will purchase up to MNOK
320 of own shares related to the employee share program.

The stock exchange notice dated 11 March 2022 stated that shares for a value of
NOK 316 million were to be purchased from 25 March

+-------------------+------------------+-------------------+-------------------+
| Date | Aggregated daily | Weighted price | Total |
| | volume | average price | transaction value |
| | (# of shares) | (NOK) | (NOK) |
+-------------------+------------------+-------------------+-------------------+
| 03/25/2022 | 27 881 | NOK 356.85 | NOK 9 949 248 |
+-------------------+------------------+-------------------+-------------------+
| 03/28/2022 | 25 119 | NOK 350.48 | NOK 8 803 664 |
+-------------------+------------------+-------------------+-------------------+
| 03/29/2022 | 20 000 | NOK 350.31 | NOK 7 006 264 |
+-------------------+------------------+-------------------+-------------------+
| 03/30/2022 | 18 000 | NOK 347.78 | NOK 6 259 984 |
+-------------------+------------------+-------------------+-------------------+
| 03/31/2022 | 19 000 | NOK 350.36 | NOK 6 656 764 |
+-------------------+------------------+-------------------+-------------------+
| Total earlier | - | - | - |
| announced | | | |
| buy-back under | | | |
| the program | | | |
+-------------------+------------------+-------------------+-------------------+
| Total purchased | 110 000 | NOK 351.60 | NOK 38 675 925 |
| under the program | | | |
+-------------------+------------------+-------------------+-------------------+

See the attached document for information about the individual transaction made
under the employee share program.

After the above-mentioned transactions KONGSBERG owns a total of 924,053 own
shares, corresponding to 0.52% 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 merchant navy and
oil & gas, defence and aerospace industries. Kongsberg has almost 11,000
employees in 40 countries. Follow us on Twitter: @kongsbergasa.
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