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.

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