Kongsberg Gruppen : enters into an agreement for purchase of own shares for long term incentive plan

KONGSBERG has awarded Danske Bank with a mandate to purchase MNOK 8.4 of shares
in KONGSBERG related to a long-term incentive plan for management. 

The shares will be purchased between 12 February and 11 March 2021 but not
before the current share buyback programme as announced on 30 October 2020 and 1
December 2020 is completed. 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 14 May 2020. 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 14 May 2020, available at www.kongsberg.com and www.newsweb.no.

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

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© Oslo Bors ASA, source Oslo Stock Exchange