Kongsberg Maritime (KONGSBERG) will supply an extensive range of equipment for a
new fleet of 10 platform supply vessels being built by Fujian Mawei Shipbuilding
in China for Greek shipowner, Capital Offshore.

This significant contract win is valued at 800 MNOK, and includes all
propulsion, automation, and energy systems.

Lisa Edvardsen Haugan, President of Kongsberg Maritime, says Capital Offshore
has exciting and ambitious plans for expanding its operations in the oil and gas
market: "We are proud to be playing a key role in helping them to achieve their
goals through the supply of a significant package of integrated technologies
across their new fleet of platform supply vessels."

"By selecting our integrated solutions for propulsion, dynamic positioning,
automation and electro equipment, Capital Offshore will see benefits not only in
increased fuel efficiency, but also lower OPEX costs. We also look forward to
building on our long and successful relationship with Fujian Mawei Shipbuilding
on this exciting project," says Edvardsen Haugan.

KONGSBERG (OSE ticker: KOG) is an international, knowledge-based group that
supplies high-technology systems and solutions to customers in a wide range of
markets such as defence, security, maritime, energy, aerospace, climate mapping
and subsea technology. KONGSBERG has more than 13,500 employees in 39 countries
and has a total turnover of NOK 40.6 billion in 2023.