KONGSBERG has mandated DNB Markets to purchase shares with a value up to MNOK
370. The mandate is divided in two parts where the first is for purchase of
shares with a value up to MNOK 10 in relation to the company's long term
incentive plan. These shares will be purchased from 9-15 February 2024. The
second part is related to a share program for employees. Pursuant to the mandate
agreement, DNB Markets will start the purchasing of shares to this program on or
about 21 March 2024 and until 15 June 2024 (unless the period is extended due to
regulatory reasons). The total amount will be determined based on the total
commitment from the employees, but will not exceed MNOK 360. The shares will be
transferred to the employees who have chosen to participate in the program
immediately after the purchase has been completed. 

DNB Markets will make its own decisions related to the purchase of the shares
independently of, and without influence from the company with regard to the
timing of purchase.

The power of attorney to acquire own shares was granted to the company by the
Annual General Meeting on 11 May 2023. The power of attorney states that states
that the purchase of own shares must be done at a price between NOK 50 and NOK
700 per share. The maximum number of shares that may be acquired is 7,000,000.
The shares will be acquired in accordance with current securities legislation
and the Oslo Stock Exchange regulations.

Reference is also made to the signed minutes from the company's annual general
meeting on 11 May 2023, available at www.kongsberg.com as well as on
www.newsweb.no.

This information is subject to disclosure requirements pursuant to §5-12 of the
Norwegian Securities Trading Act.


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