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KONGSBERG enters into agreements for purchase of own shares to employee share program and long-term incentive scheme

KONGSBERG has mandated DNB Markets to purchase shares in KONGSBERG related to the 2022 employee share program. The repurchase amount will be based on the commitment from the employees but will not exceed MNOK 320.

The mandate is valid from 25 March 2022, and DNB Markets will make its own decisions related to the purchase of the shares independently of, and without influence from KONGSBERG. Following completion of the repurchase the shares will be transferred to the employees who have chosen to participate in the program.

KONGSBERG has also mandated Danske Bank to purchase MNOK 9.1 of shares in KONGSBERG related to a long-term incentive plan for management. The shares will be purchased between 11 February and 25 February 2022 following completion of the current share buyback program for cancellation purposes, as announced on 19 May 2021. Danske Bank will make its own decisions related to the purchase of the shares independently of, and without influence from the company.

The authorisation to acquire own shares was granted by the annual general meeting on 6 May 2021, and the shares will be acquired in accordance with current securities legislation and the Oslo Stock Exchange regulations. Reference is also made to the signed minutes from the company’s annual general meeting on 6 May 2021, available at www.kongsberg.com as well as on www.newsweb.no.

This information is subject to disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act.