Norwegian Code of practice for Corporate Governance

The Kongsberg Group Board of Directors actively supports the principles for good corporate governance and attaches importance to KONGSBERG’s compliance with the Code of Practice for Corporate Governance given by the Norwegian Corporate Governance Board ("NUES" norwegian) and to explaining any deviations.

For the current overview of the Code of Practice for Corporate Governance given by the Norwegian Corporate Governance Board, see NUES’ web site: www.nues.no.

For the complete description of KONGSBERG’s corporate governance, adoption and compliance to the Code of Practice for Corporate Governance given by the Norwegian Corporate Governance Board, please see the statement in the latest published annual report and sustainability report.