As announced on 22. December, KONGSBERG has awarded DNB Markets (DNB) the
mandate to purchase share for an amount up to MNOK 320 KONGSBERG shares. The
mandate is valid from 15. March 2021. Approx. 4 330 employees have signed up for
the share programme for a total amount of about MNOK 315. DNB will start the
purchase of shares totalling MNOK 315 on 15. March 2021 according to safe
harbour regulations. The shares will be transferred to the employees who chose
to participate immediately after the completion of the purchase. The number of
shares the participants will be allocated will be based on the average price the
shares are purchased for and will be decided after the purchases are completed.
DNB will make its decisions related to the purchase of the shares, regardless of
-and without influence from KONGSBERG withs regard to the time of purchase.

The following primary insiders (including related parties employed in KONGSBERG)
have signed up for the program*:
Geir Håøy -100 000 NOK
Gyrid Skalleberg Ingerø - 100 000 NOK
Egil Haugsdal - 100 000 NOK
Eirik Lie - 100 000 NOK
Hege Skryseth - 100 000 NOK
Even Aas - 100 000 NOK
Iver Christian Olerud - 100 000 NOK
Hans Petter Blokkum - 100 000 NOK
Christian Karde - 100 000 NOK
Elisabeth Fossan - 64 000 NOK
Sigmund Ivar Bakke - 100 000 NOK
Ole Magnus Svarva - 100 000 NOK
Jan Erik Hagen - 100 000 NOK
Britt F Hagen (Nærstående) - 100 000 NOK

*The value is prior to 25 % discount. The number of shares the employees will
receive will be based on the average purchase price in the market and will be
announced on the day of the transferee

Prior to the above-mentioned transactions KONGSBERG owns a total of 625 039 own
shares, corresponding to 0.3%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 will have to be 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.

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