Kongsberg Defence & Aerospace (KONGSBERG) has signed a contract with the
government of Lithuania for the delivery of more NASAMS air defence systems. The
EUR 200 million (about NOK 2.3 billion) contract will provide Lithuania with the
latest technology and increased air defence capabilities.

As part of the contract, Lithuania will also modernize parts of the NASAMS
equipment the country acquired in 2017. With this modernization, Lithuania will
have the most modern and efficient configuration of this advanced air defence
system.

"We are significantly strengthening Lithuania's air defence capabilities. The
main reason for the decision is that the NASAMS system is already successfully
operated by the Lithuanian Armed Forces, so the additional acquisition of NASAMS
will not create integration problems," said Greta Monika Tuckute, Vice Minister
of National Defence.

"Expanding its air defence capability with more NASAMS supports Lithuania's
ability to more effectively combat modern air threats and also strengthens the
country's partnership with NATO," said Eirik Lie, President of Kongsberg Defence
& Aerospace.

The system consists of Raytheon's Sentinel radar and three advanced missile
variants, as well as KONGSBERG's Fire Distribution Center (FDC) and
multi-missile launchers.

"We continue to see growing demand for NASAMS, as Lithuania and other allied
nations around the globe look to counter the proliferation of advanced aerial
threats," said Tom Laliberty, president of Land and Air Defense Systems at
Raytheon. "With decades of continual technological innovation and a legacy of
combat-proven performance, NASAMS will continue to deliver unmatched
medium-range air defense for Lithuania.

Earlier this year, Lithuania's Ministry of Defence purchased NASAMS missile
launchers for donation to Ukraine, where the system has contributed to the
protection of people and critical infrastructure.
NASAMS' modularity and open architecture enable the continuous introduction of
new technology, which ensures that the system can be adapted to new threats and
missions throughout its lifetime. NASAMS is one of the market's most flexible
solutions that covers a wide range of air defense needs.

By acquiring more NASAMS, Lithuania consolidates its position in the user group,
which now counts 13 nations. 

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: 08:00 CET, 12/14/2023

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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