As announced 19 May 2021 KONGSBERG has placed a non-discretionary agreement with
Danske Bank for the repurchase of KONGSBERG shares for up to NOK 200 million in
the market. The share repurchases started 16 August 2021.

+-------------------+------------------+-------------------+-------------------+
| Date              | Aggregert daily  | Weighted price    | Total             |
|                   | volume           | average price     | transaction value |
|                   | (# of shares)    | (NOK)             | (NOK)             |
+-------------------+------------------+-------------------+-------------------+
| 11/16/2021        | 5 579            | NOK 280.40        | NOK 1 564 353     |
+-------------------+------------------+-------------------+-------------------+
| 11/17/2021        | 5 551            | NOK 278.41        | NOK 1 545 508     |
+-------------------+------------------+-------------------+-------------------+
| 11/18/2021        | 5 686            | NOK 275.85        | NOK 1 568 481     |
+-------------------+------------------+-------------------+-------------------+
| 11/19/2021        | 5 689            | NOK 275.48        | NOK 1 567 182     |
+-------------------+------------------+-------------------+-------------------+
| 11/22/2021        | 5 644            | NOK 277.71        | NOK 1 567 422     |
+-------------------+------------------+-------------------+-------------------+
| Total  earlier    | 408 741	       | NOK 252.43	   | NOK 103 178 337   |
| announced         |                  |                   |                   |
| buy-back under    |                  |                   |                   |
| the program       |                  |                   |                   |
+-------------------+------------------+-------------------+-------------------+
| Total  purchased  | 436 890          | NOK 254.05        | NOK 110 991 283   |
| under the program |                  |                   |                   |
+-------------------+------------------+-------------------+-------------------+

See the attached document for information about the individual transaction made
under the buy-back program.

KONGSBERG will seek approval from the 2022 Annual General Meeting for
cancellation of the repurchased shares. For further information regarding the
share buy-back program, please see the stock exchange notifications from 6 May
2021 and 19 May 2021.

The buyback program is carried out in accordance with the Market Abuse
Regulation (EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU) No
2016/1052 ("Safe Harbour Regulation").

After the above-mentioned transactions KONGSBERG owns a total of 458 849 own
shares, corresponding to 0.26% of KONGSBERG's share capital.

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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