Kongsberg Gruppen ASA – Primary insider notice

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Reference is made to the primary insider notice sent on 6 November 2018 regarding the participation of primary insiders in the rights issue.

The following primary insiders instructed Arctic Securities AS and DNB Markets to sell subscription rights and such sale was completed on 8 November 2018:

- 1,539 subscription rights have been sold on behalf of Sigmund Ivar Bakke, Board Member, at a price of NOK 30.94118 per subscription right.

- 2,897 subscription rights have been sold on behalf of Even Aas, Group Executive Vice President Public Affairs, at a price of NOK 30.94118 per subscription right.

- 1,426 subscription rights have been sold on behalf of Eva Smedsrud Johansen, Personal Assistant to CEO, at a price of NOK 30.94118 per subscription right.

This information is subject to disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.

This announcement may not be distributed or sent into the United States or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. These materials are not an offer for sale of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States.