Business Update Q1 2022

KONGSBERG High activity in aftermarket driver for revenue increase in KM Revenue (BNOK) Rolling 12m revenue 15.6 3.8 17.0 EBITDA (BNOK, %) 11.2% 4.3 0.43 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Aftermarket revenue increased with ~35% compared to Q1 2021 . Strong growth despite logistical challenges and components shortages WORLD CLASS - Through people, technology and dedication 13.0% '9.8% 0.43 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 EBITDA impacted by; • NOK 69m related to sanction against Russia • NOK 70m in extraordinary employee appreciation KONGSBERG PROPRIETARY - See Statement of Proprietary information 14

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