KONGSBERG has signed a Naval Strike Missile contract with Australia

Kongsberg Defence & Aerospace (KONGSBERG) has signed a contract worth more than
NOK 5 billion with the Commonwealth of Australia for Naval Strike Missiles (NSM)
and supporting equipment. 

The contract was signed in December 2022 and will be included in KONGSBERG's Q4
2022 order intake.

This release contains inside information related to Kongsberg Gruppen ASA
pursuant to the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This
release is issued by Jan Erik Hoff, Group Vice President Investor Relations,
Kongsberg Gruppen ASA. Date and time of publication: 08:30 CET, 01/04/2023

Kongsberg (OSE-ticker: KOG) is an international, knowledge-based group that
supplies high-tech systems and solutions to customers in the energy, merchant,
navy and defence and aerospace industries. Kongsberg has more than 12,000
employees in 40 countries and a total revenue of NOK 27.5bn in 2021.
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