KONGSBERG has on 18 January 2021 purchased 9,764 own shares at an average price
of NOK 173.51 per share. After the transaction KONGSBERG owns a total of 293,724
own shares under the 2020-21 share buy-back programme. In addition, KONGSBERG
holds 3,372 own shares held for other purposes.

Subject to approval from the 2021 Annual General Meeting repurchased shares
pursuant to the programme shall be cancelled. Please refer to KONGSBERG's stock
exchange notifications on 30 October and 1. December 2020 for further
information about the buy-back programme.

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

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