30 October 2025 - Kongsberg Gruppen ASA (KONGSBERG) today proposes the
establishment of two focused and independent companies, each positioned to seize
global growth opportunities within their respective markets. The Board proposes
to demerge and list Kongsberg Maritime on the Euronext Oslo Stock Exchange,
while consolidating Kongsberg Defence & Aerospace and Kongsberg Discovery into a
single entity.

KONGSBERG will host a press conference today, 30 October 2025 at 09:30 (CET), in
Oslo, Norway, as further described under "Press Conference / live stream" below.
Questions related to the proposed demerger will be addressed during the press
conference.

Security and sustainability are high on the international agenda. KONGSBERG is
exposed to these megatrends, which have contributed to strong growth over the
past decade. These trends are expected to continue offering significant growth
opportunities. To position KONGSBERG for these substantial opportunities, the
Board has assessed that focused and specialized businesses will be best suited.
As a result, it is proposed that Kongsberg Maritime be listed as an independent
maritime technology company. Furthermore, Kongsberg Defence & Aerospace and
Kongsberg Discovery will be consolidated into a single technology- and
defence-focused KONGSBERG.

"This will further strengthen competitiveness in our efforts to create value in
a world where security and sustainability are expected to dominate in the coming
decades. Individually, the companies will gain better navigation opportunities
and execution capabilities within their respective markets. Both companies will
continue to have significant national strategic importance with headquarters in
Norway," says Eivind Reiten, Chair of the Board of KONGSBERG Gruppen ASA.

KONGSBERG has tripled its operating revenues since 2016, and at the end of the
third quarter of 2025, the Group had 15,000 employees and a historically high
order backlog. The number of employees, revenue, and results are now relatively
evenly distributed between the two companies. Both have reached a size and
financial robustness that enables them to operate independently.

"The units operate in different international markets that are undergoing
change. This places different demands on business models. Kongsberg Maritime
holds a leading technology position and offers products and integrated solutions
across a wide range of segments-from offshore vessels to the merchant fleet and
naval segment. The consolidated technology- and defence-company KONGSBERG
addresses critical needs in defence, security, and surveillance, delivering
solutions for both civilian and defence applications," says Geir Håøy, President
and CEO of Kongsberg Gruppen ASA.

Both companies will leverage the high pace of innovation in their respective
markets.

Recent years have been marked by increased geopolitical tensions and trade wars.
This affects the two business areas differently and highlights the importance of
enabling each to position itself optimally. The synergies between the businesses
have been reduced over time. The companies will continue to collaborate where it
provides commercial advantages.

Stock exchange listing
The planned spin-off of Kongsberg Maritime will be structured as a demerger
combined with a separate stock exchange listing. Shares in the new parent
company for Kongsberg Maritime ("MAR") will be issued directly to KONGSBERG's
shareholders at the time of the demerger, without raising new capital or selling
existing shares. Upon listing, the shareholder structure in MAR will mirror that
of KONGSBERG, with each shareholder receiving one (1) MAR share for each
KONGSBERG share held. The Norwegian state, through the Ministry of Trade,
Industry and Fisheries, has expressed support for the Board's proposal. The
state's ownership will not change as a result of the demerger. The demerger is
expected to be completed, and trading in MAR shares to commence, during Q2 2026.

The new maritime business will be led by Lisa Edvardsen Haugan, President of
Kongsberg Maritime. Mette Toft Bjørgen, currently Chief Financial Officer (CFO)
in KONGSBERG will take the position as CFO in the new maritime business. Eirik
Lie, President of Kongsberg Defence & Aerospace, will become the new President
and CEO of KONGSBERG and a recruitment process is initiated for the new CFO. The
changes will be effective from the completion of the demerger. A new Board of
Directors for MAR will be elected  and effective from the time of listing. 

Indicative Timeline
The demerger and listing of MAR shares are planned according to the following
indicative timeline:

o	Publication of demerger plan: December 2025
o	Extraordinary General Meeting in KONGSBERG to approve the demerger plan:
January 2026
o	Listing and completion of the demerger: April 2026

Further information and communication regarding the transaction will follow the
timeline above.

Press Conference / Live stream
KONGSBERG will hold a press conference today, 30 October 2025, at 09:30 (CET) in
the auditorium at Tjuvholmen allé 1, Oslo, Norway. Chair of the Board Eivind
Reiten, President and CEO Geir Håøy, and CFO Mette Toft Bjørgen will present and
be available for questions and comments.

The conference will be held in Norwegian with English translation and is
available via webcast at www.kongsberg.com. There will also be an opportunity to
ask questions via the webcast.

Presentation material to be used at the press conference will be published on
www.newsweb.no prior to the event.

A recording of the conference will be made available at www.kongsberg.com

Advisors
Arctic Securities AS is acting as financial advisor and Advokatfirmaet
Thommessen AS as legal advisor to Kongsberg Gruppen ASA.

Contact Information
For investors/analysts:
 Jan Erik Hoff, Group Vice President Investor Relations & Sustainability,
Kongsberg Gruppen ASA Phone: +47 991 11 916 Email:
jan.erik.hoff@kog.kongsberg.com

For media and press:
Ronny Lie, Group Vice President and Chief Communication Officer, Kongsberg
Gruppen ASA Phone: +47 916 10 798 Email: ronny.lie@kog.kongsberg.com

Important Information
This announcement contains inside information pursuant to the EU Market Abuse
Regulation (MAR) and is subject to disclosure requirements under the Norwegian
Securities Trading Act § 5-12. The information was submitted for publication by
Renate Tegdal, Investor Relations, on behalf of Kongsberg Gruppen ASA on 30
October 2025 at 07:00 CET.


About Kongsberg Gruppen ASA
Kongsberg Gruppen ASA (OSE ticker: KOG) is an international knowledge-based
group delivering high-tech systems and solutions to customers across a wide
range of markets including defence, security, maritime, energy, aerospace,
climate, and subsea technology. Kongsberg Gruppen ASA has more than 15,000
employees in 40 countries and recorded total revenues of NOK 48.9 billion in
2024.

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