Kongsberg Automotive

AGM Information • Nov 29, 2024

Kongsberg Automotive- Notice of Extraordinary General Meeting

Kongsberg Automotive- Notice of Extraordinary General Meeting

Kongsberg, November 29, 2024: Kongsberg Automotive ASA (KA) will hold an

Extraordinary General Meeting on December 20, 2024, at 10:00 (CET). The Notice

for the Extraordinary General Meeting with appendices is attached, and will also

be made available on the company's website: http://www.kongsbergautomotive.com

The meeting will be conducted digitally. Further information about digital

attendance is included in the Notice of Extraordinary General Meeting.

The shareholders propose that the following individuals be elected as new

members of the Board:

Olav Volldal (Chair of the Bord of Directors): Olav Volldal was KA's first

President & CEO, a position he held for 25 years. Volldal brings extensive

experience from the automotive industry and holds deep knowledge of the company

and its core business, representing an important reconnection to the company's

Norwegian roots. In addition to his executive career, he has held several board

positions.

Bård Klungseth: Bård Klungseth was the former COO of KA and holds 17 years of

experience with the company. Klungseth brings wide knowledge and experience from

the automotive industry and currently serves as the CEO of DEFA Group.

Synnøve Gjønnes: Synnøve Gjønnes is a financial adviser with more than 10 years

of experience in equity analysis, corporate finance and portfolio management.

Gjønnes served as a portfolio manager at KLP and was a member was also a member

of KA's Nomination Committee (2019-2022).

The following Board members, elected in 2023, are proposed to continue in their

roles as directors:

· Brian Kristoffersen

· Junyang Shao

The shareholders have proposed the election of the following individuals as new

members of the Nomination Committee:

· Arild Christoffersen (Chair of the Nomination Committee)

· Endre Koldbjørnsen (member)

The following member of the Nomination Committee, elected in 2023, is proposed

to continue in his role:

· Tore Vik (member)

This information is subject to the disclosure requirements pursuant to Section 5

-12 of the Norwegian Securities Trading Act.

Media and Communications contact:

Therese Sjöborg Skurdal - Director Group Marketing and Communications

therese.skurdal@ka-group.com

+47 982 14 059

About Kongsberg Automotive ASA

Kongsberg Automotive provides cutting-edge technology to the global vehicle

industry. We drive the global transition to sustainable mobility by putting

engineering, sustainability, and innovation into practice. Our product portfolio

includes driver and motion control systems, fluid assemblies, and industrial

driver interface products. Find more information at:

kongsbergautomotive.com  (http://www.kongsbergautomotive.com)