17 December 2025 - Reference is made to stock exchange announcement made by Kongsberg Gruppen ASA (“KOG” or the “Company”) on 30 October 2025 regarding the proposal to demerge and list separately the Kongsberg Maritime business (“the KM business”) on Euronext Oslo Børs.
KOG’s board of directors and the board of directors of the company that will become the new parent company for the KM business, Kongsberg Maritime ASA (“KM ASA”), have prepared a demerger plan (the “Demerger Plan”) for the demerger of the KM business. The Demerger Plan is attached hereto and has also been made available on the Company’s website https://www.kongsberg.com/. The board of directors’ report for the demerger and the expert statement on the Demerger Plan are also made available at the Company’s website.
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The demerger will be carried out by transferring KOG’s assets, rights and liabilities that primarily relate to the KM business to KM ASA, while all other assets, rights and liabilities will remain in KOG. The assets, rights and liabilities to be demerged constitute in total 24% of the values in KOG ASA, while the remaining 76% will remain in KOG ASA.
The demerger is conditional upon the Company’s general meeting approving the Demerger Plan, and such other conditions for completion as set out in the Demerger Plan. The board of directors will tomorrow, 18 December 2025, call for an extraordinary general meeting of the Company on 22 January 2026 to approve the Demerger Plan.
As demerger consideration, the shareholders of the Company as of the time of completion of the demerger will receive new shares in KM ASA, where each share in the Company entitles the holder to receive one share in KM ASA. Accordingly, the shareholder structure in KM ASA will mirror KOG’s shareholder structure immediately following completion of the demerger.
The indicative timeline for the demerger and listing is as follows:
• Extraordinary general meeting of KOG to approve the Demerger Plan: 22 January 2026
• Last day of trading for the KOG share with the right to receive KM ASA shares: 22 April 2026
• Completion of the demerger by registration in the Norwegian Register of Business Enterprises: 22 April 2026
• First trading day for the KOG share without the right to shares in KM ASA: 23 April 2026
• First trading day for KM ASA’s shares on Euronext Oslo Børs: 23 April 2026
Except for the date of the Company’s extraordinary general meeting, the dates above are indicative only and subject to change.
Given the current timeline for the demerger and the listing of KM ASA, the Company’s board of directors has resolved to postpone the publication of KOG’s financial report for Q1 2026 from 30 April 2026 to 7 May 2026. An updated financial calendar for KOG will be published.
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.
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