As announced 5th of January 2022 and 11th of March 2022 KONGSBERG will purchase
up to MNOK 320 of own shares related to the employee share program. 

The stock exchange notice dated11th of March 2022 stated that shares for a value
of NOK 316 million were to be purchased from 25th of March. With the
transactions announced today the buy-back program related to the employee share
program 2022 are completed. 

+-------------------+------------------+-------------------+-------------------+
| Date              | Aggregated daily | Weighted price    | Total             |
|                   | volume           | average price     | transaction value |
|                   | (# of shares)    | (NOK)             | (NOK)             |
+-------------------+------------------+-------------------+-------------------+
| 05/30/2022        | 21 000           | NOK 350.56        | NOK 7 361 699     |
+-------------------+------------------+-------------------+-------------------+
| 05/31/2022        | 21 000           | NOK 339.36        | NOK 7 126 663     |
+-------------------+------------------+-------------------+-------------------+
| 06/01/2022        | 21 000           | NOK 330.32        | NOK 7 267 029     |
+-------------------+------------------+-------------------+-------------------+
| 06/02/2022        | 22 000           | NOK 337.73        | NOK 7 430 161     |
+-------------------+------------------+-------------------+-------------------+
| 06/03/2022        | 20 000           | NOK 338.92        | NOK 6 778 374     |
+-------------------+------------------+-------------------+-------------------+
| 06/07/2022        | 20 494           | NOK 339,80        | NOK 6 963 810     |
+-------------------+------------------+-------------------+-------------------+
| Total  earlier    | 748 000          | NOK 365.07        | NOK 273 072 174   |
| announced         |                  |                   |                   |
| buy-back under    |                  |                   |                   |
| the program       |                  |                   |                   |
+-------------------+------------------+-------------------+-------------------+
| Total  purchased  | 874 494          | NOK 361.35        | NOK 315 999 910   |
| under the program |                  |                   |                   |
+-------------------+------------------+-------------------+-------------------+

See the attached document for information about the individual transaction made
under the employee share program.

After the above-mentioned transactions KONGSBERG owns a total of 1 656 837 own
shares, corresponding to 0.92% of KONGSBERG's share capital. Out of these 760
125 shares are related to the buy-back of shares for cancelation where the
cancelation of shares was approved by the General Meeting on11 May 2022.

KONGSBERG (OSE-ticker: KOG) is an international, leading global technology
corporation delivering mission-critical systems and solutions with extreme
performance for customers that operate under extremely challenging conditions.
We work with nations, businesses and research environments to push the
boundaries of technology development in industries such as space, offshore and
energy, merchant marine, defence and aerospace, and more. KONGSBERG has about
11,000 employees located in more than 40 countries, creating a total revenue of
NOK 27.4bn in 2021.