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Transactions carried out under the share buy-back program for KONGSBERG related to the employee share program – buy-backs completed

As announced 23 December 2020 and 12 March 2021 KONGSBERG will purchase up to MNOK 320 of own shares related to the employee share program.

The stock exchange notice dated 12 March 2021 stated that shares for a value of NOK 315 million were to be purchased from 12 March. With the transactions announced today the buy-back program related to the employee share program 2021 are completed.

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

trade details 25.05.pdf

After the fabove-mentioned transactions KONGSBERG owns a total of 2 122 322 own shares, corresponding to 1.2% of KONGSBERG's share capital. Out of these 578 262 shares are related to the buy-back of shares for cancelation where the cancelation of shares was approved by the General Meeting on 6 May 2021.

Kongsberg (OSE-ticker: KOG) is an international, knowledge-based group that supplies high-tech systems and solutions to customers in the merchant navy and oil & gas, defence and aerospace industries. Kongsberg has almost 11,000 employees in 40 countries. Follow us on Twitter: @kongsbergasa.