Kongsberg Automotive ASA – Change in holding of own shares

Reference is made to the share consolidation approved by an extraordinary general meeting in Kongsberg Automotive ASA (the "Company") held on 29 January 2021 (the "EGM") with effect from 3 February 2021.

In accordance with the EGM's resolution, all shareholders who at the time of the implementation of the consolidation did not hold a number of shares with par value NOK 0.10 divisible by 10 (i.e. pre consolidation of shares) and accordingly would have received fractional shares post consolidation, have had such shareholding rounded up to the nearest number of whole shares with par value NOK 1 (i.e. post consolidation). The Company has today provided a number of shares necessary to effect such rounding-up by use of the required number of treasury shares held by the Company, in total 4,394 shares with par value NOK 1. The shares are provided for such purpose without consideration in accordance with the resolution by the EGM.

After this, the Company owns 3,716,304 shares in the Company, each of par value NOK 1, representing approximately 0.35 % of the voting rights and share capital in the Company.

Kongsberg Automotive ASA

Jon Munthe
General Counsel

Mobile phone: +47 901 14 582

Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable.  Approximately 11.000 employees in 19 countries, Kongsberg Automotive is truly a global supplier. The company has more than 25 production facilities worldwide. The product portfolio includes seat comfort systems, driver and motion control systems, fluid assemblies, and industrial driver interface products developed for global vehicle manufacturers. Find more information at www.kongsbergautomotive.com