The government of Spain has announced its decision to modernise and acquire
additional NASAMS air defence systems from Kongsberg Defence & Aerospace
('KONGSBERG') in a deal valued at approximately EUR 410 million. 
On April 19 , the Spanish Armaments Directorate,  Dirección General de Armamento
y Material (DGAM), filed a notification of award for the NASAMS modernisation
programme. This programme will significantly increase the existing NASAMS
capability of Spain and further strengthen the cooperation between Spain and
Norway. 

The contract is expected to be signed in May 2024.

NASAMS is the world-leading medium-range air defence system, jointly offered by
KONGSBERG and Raytheon.  

Spain was the first international NASAMS user and the country has operated
NASAMS for more than 20 years. Spanish NASAMS units are currently deployed in
the Baltics as part of NATO's Air Shielding Mission. Today there are 13 NATO and
partner nations in the NASAMS user group.

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 Jan Erik Hoff, Group Vice President Investor Relations,
Kongsberg Gruppen ASA. Date and time of publication: 17:15 CET, 4/19/2024

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.

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