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Selskabsmeddelelse

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

Kongsberg Gruppen
As announced 17 January 2023 and 29 March 2023 KONGSBERG will purchase up to
MNOK 320 of own shares related to the employee share program.

---+------------------+-------------------+-------------------+
| Date | Aggregated daily | Weighted | Total |
| | volume | average price | transaction value |
| | (# of shares) | (NOK) | (NOK) |
+-------------------+------------------+-------------------+-------------------+
| 04/24/2023 | 14 000 | NOK 467.71 | NOK 6 547 944 |
+-------------------+------------------+-------------------+-------------------+
| 04/25/2023 | 14 000 | NOK 471.70 | NOK 6 603 859 |
+-------------------+------------------+-------------------+-------------------+
| 04/26/2023 | 14 000 | NOK 467.81 | NOK 6 549 315 |
+-------------------+------------------+-------------------+-------------------+
| 04/27/2023 | 13 500 | NOK 477.68 | NOK 6 448 657 |
+-------------------+------------------+-------------------+-------------------+
| 04/28/2023 | 13 500 | NOK 480.92 | NOK 6 492 353 |
+-------------------+------------------+-------------------+-------------------+
| Total earlier | 208 000 | 442.45 | 92 030 227 |
| announced | | | |
| buy-back under | | | |
| the program | | | |
+-------------------+------------------+-------------------+-------------------+
| Total purchased | 277 000 | NOK 450.08 | NOK 124 672 353 |
| 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 985,746 own
shares, corresponding to 0.56 % of KONGSBERG's share capital. Out of these
695,555 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
2023.

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 12,000
employees in 39 countries and had total revenues of NOK 31.8bn in 2022.
Follow us on: kongsberg.com, Facebook, Twitter and LinkedIn
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