18 December 2025 - Reference is made to the stock exchange announcement made by
Kongsberg Gruppen ASA ("KOG" or the "Company") published on 17 December 2025
regarding the signing and publication of the demerger plan for the demerger of
the Kongsberg Maritime business (the "KM business") from KOG to Kongsberg
Maritime ASA ("KM ASA").

The demerger is, among other, conditional upon KOG's general meeting approving
the demerger plan. To obtain such approval, the board of directors calls for an
extraordinary general meeting to be held on 22 January 2026 at 14:00 hours
(CET). The extraordinary general meeting will be held digitally, and a link and
guide for online participation is attached to the notice of the extraordinary
general meeting. The notice is attached hereto and has also been made available
together with its appendices on the Company's website
https://www.kongsberg.com/.

The Company's nomination committee has, in the period following the announcement
of the proposed demerger on 30 October 2025, worked on identifying
shareholder-elected board members to KM ASA's board of directors, and members
for KM ASA's nomination committee, who will be elected with effect from and
including the first day of trading of KM ASA's shares on Euronext Oslo Børs. The
nomination committee has also considered remuneration to the members of the
board of directors, the nomination committee, the audit and sustainability
committee and the remuneration committee of KM ASA. In addition to approving the
Demerger Plan, the board of directors also proposes that the extraordinary
general meeting approve the candidates nominated to KM ASA's board of directors
and nomination committee, as well as the remuneration proposed by the nomination
committee.

The nomination committee's recommendation in full is available on the Company's
website https://www.kongsberg.com/.

The board of directors also proposes that certain linguistic changes and
adjustments are made to the Company's articles of association. Furthermore, the
board of directors proposes that the Company appoint a new auditor, effective
for the audit of the financial year commencing 1 January 2027. A recommendation
for the election of the new auditor has been prepared by the audit and
sustainability committee and is available on the Company's website.
The Demerger plan with appendices is available on the Company's website.

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

Advisors
Arctic Securities AS is acting as financial advisor and Advokatfirmaet
Thommessen AS as legal advisor to Kongsberg Gruppen ASA.

Contact Information

For investors/analysts:
Jan Erik Hoff, Group Vice President Investor Relations & Sustainability 
Kongsberg Gruppen ASA 
Phone: +47 991 11 916 
Email: jan.erik.hoff@kog.kongsberg.com

For media and press:
Ronny Lie, Group Vice President and Chief Communication Officer 
Kongsberg Gruppen ASA 
Phone: +47 916 10 798 
Email: ronny.lie@kog.kongsberg.com

About Kongsberg Gruppen ASA 
Kongsberg Gruppen ASA (OSE ticker: KOG) is an international knowledge-based
group delivering high-tech systems and solutions to customers across a wide
range of markets including defence, security, maritime, energy, aerospace,
climate, and subsea technology. Kongsberg Gruppen ASA has more than 15,000
employees in 40 countries and recorded total revenues of NOK 48.9 billion in
2024. 
Follow us at: kongsberg.com, LinkedIn and X.