Kongsberg Naval Services (KONGSBERG), a company owned by Kongsberg Maritime and
Kongsberg Defense & Aerospace, has been awarded a strategic framework agreement
with the Norwegian Defense Material Agency for operational support, maintenance
and life-extending services on Norway's frigates. The agreement has a total
value of up to NOK 17 billion for services delivered over the lifetime of the
agreement - assumed to be up to 2040.

KONGSBERG has been selected as the main supplier for carrying out management and
ship technical maintenance, modifications and life-extending activities on
Norway's Fridtjof Nansen-class frigates.

"Together with our strong Norwegian suppliers, we can offer efficient and
sustainable maintenance services to strengthen the Armed Forces' operational
capability and preparedness, and at the same time provide support to Norway's
allied forces," said Geir Håøy, President and CEO of Kongsberg Gruppen.

KONGSBERG will coordinate activities with partners through integrated and
long-term cooperation with the Norwegian Armed Forces and the Norwegian Defense
Material Agency. The company has formed a constellation consisting of the
shipyards Westcon Yards and Coast Center Base (CCB), as well as WilNor
Governmental Services (WGS) and Wilhelmsen Ship Management (WSM). KONGSBERG also
has a cooperation agreement with Navantia to ensure support services from the
shipyard that originally built the ships.

"Maritime industry, defense technology and digitization are KONGSBERG's main
pillars. In this framework agreement with the Norwegian Armed Forces, these are
united to optimize operations and increase technical availability for the
Norwegian frigates throughout their lifetime, while at the same time
facilitating predictable operating and maintenance costs," said Håøy.

Kongsberg Naval Services (KNS) has been established for the purpose of
delivering maintenance services as described in the contract with the Norwegian
Defense Material Agency (NDMA). The company is owned 50 percent each by
Kongsberg Maritime and Kongsberg Defense & Aerospace. The contract between NDMA
and KNS is expected to be signed later in December 2023.

This release contains inside information related to Kongsberg Gruppen ASA
pursuant to the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This
release is issued by Renate Tegdal, Investor Relations, Kongsberg Gruppen ASA.
Date and time of publication: 08:30 CET, 12/04/2023.

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 13,000
employees in 39 countries and had total revenues of NOK 31.8bn in 2022. 
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