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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 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) |
+-------------------+------------------+-------------------+-------------------+
| 06/05/2023 | 14 500 | NOK 455.88 | NOK 6 610 311 |
+-------------------+------------------+-------------------+-------------------+
| 06/06/2023 | 14 500 | NOK 452.54 | NOK 6 561 842 |
+-------------------+------------------+-------------------+-------------------+
| 06/07/2023 | 14 496 | NOK 450.66 | NOK 6 532 824 |
+-------------------+------------------+-------------------+-------------------+
| 06/08/2023 | 14 500 | NOK 456.33 | NOK 6 515 820 |
+-------------------+------------------+-------------------+-------------------+
| 06/09/2023 | 14 479 | NOK 463.33 | NOK 6 706 567 |
+-------------------+------------------+-------------------+-------------------+
| Total earlier | 569 000 | NOK 459.12 | NOK 261 240 531 |
| announced | | | |
| buy-back under | | | |
| the program | | | |
+-------------------+------------------+-------------------+-------------------+
| Total purchased | 641 475 | NOK 458.74 | NOK 294 268 894 |
| 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 1,350,221 own
shares, corresponding to 0.76 % 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 was 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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