Since 1996 KONGSBERG has conducted share purchase program for employees. The
board of directors in KONGSBERG have decided to carry out a share purchase
program also in 2021.

For the 2021 share purchase programme KONGSBERG will acquire shares for a value
of up to MNOK 320, and KONGSBERG has awarded DNB Markets with the mandate to
execute the trades. The mandate is valid from 15 March 2021, and DNB Markets
will start the purchasing of shares on or about that date. The total amount will
be finally decided based on the total commitment from the employees but will not
exceed MNOK 320. 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 14 May 2020. The power of attorney states that states
that the purchase of own shares must be done at a price between NOK 25 and NOK
300 per share and applies to the purchase of shares up to a total nominal amount
of MNOK 9.749. The purpose of the share purchase is share program for employees
and long-term incentive scheme (LTI) for senior executives. 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 14 May 2020, 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.