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Regulatory press release

KOG: UNITED KINGDOM's ROYAL NAVY SELECTS KONGSBERG'S NAVAL STRIKE MISSILE

Kongsberg Gruppen
UK and Norwegian authorities have today announced that they have agreed to
further strengthen existing defence ties. The Royal Navy will receive the Naval
Strike Missile (NSM), outfitted on Type 23 frigates and Type 45 destroyers, in a
collaboration with the Norwegian government.

The collaboration will result in more ships equipped with the highly
sophisticated Naval Strike Missiles which in turn will contribute in enhancing
the security in our common areas of interest. Replacing the Harpoon
surface-to-surface weapon, due to go out of service in 2023, the world-class
anti-ship missile will be ready for operations onboard the first Royal Navy
vessel in a little over 12 months.

"KONGSBERG is very pleased to welcome the Royal Navy as a member of the NSM
User Group. We proudly support the strengthening of defence ties between our
nations by integrating the NSM on the Royal Navy's vessels," says Executive Vice
President in Kongsberg Defence & Aerospace Øyvind Kolset.

KONGSBERG cannot provide any further comment on the potential size of this
contract.

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.
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