Business Update Q1 2022

KONGSBERG Strong backlog of ~NOK 50bn and double-digit revenue growth of 11% YoY Order intake (BNOK) Order backlog (BNOK) 36.9 7.6 49.9 Revenue (BNOK) Rolling 12m revenue 25.3 6.4 7.5 28.1 EBITDA (BNOK, %) EBITDA % 13.9% 7.0 0.9 *14.3% 11.8% 0.8 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Book/bill of 1.06 • Backlog increased 35% compared to Q1'21 All-time-high order intake in maritime • WORLD CLASS - Through people, technology and dedication Revenue growth in all business areas Aftermarket in KM driver for growth Rolling 12m revenue increased with 11% KONGSBERG PROPRIETARY - See Statement of Proprietary information EBITDA affected by; • NOK 113m in extraordinary employee appreciation* NOK 69m accrued loss related to sanctions against Russia* 10 * EBITDA margin adjusted for two extraordinary items

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