Kongsberg Automotive

Update on the announced Extraordinary General Meeting at Kongsberg Automotive

With reference to the stock exchange release dated November 27, 2024, regarding

request for an Extraordinary General Meeting at Kongsberg Automotive

Kongsberg, November 28, 2024: A group of shareholders represented by Arne Fredly

and Arild Christoffersen, constituting 17.2% of the votes in Kongsberg

Automotive ASA (KA), has today proposed to elect Synnøve Gjønnes as a new member

of KA's Board of Directors, replacing current Board member Christina Hallin upon

election.

The proposal to elect Synnøve Gjønnes to the Board is in addition to the

proposed replacement of the two members of KA's Board of Directors, as announced

yesterday.

Gjønnes is a financial adviser with a Master's degree from London School of

Economics. She has more than 10 years of experience from equity analysis,

corporate finance and portfolio management. Gjønnes has previously served as a

member of KA's Nomination Committee as a portfolio manager at KLP.

Further, in order to clarify, Arild Christoffersen has been proposed to serve as

the Chair of KA's Nomination Committee.

The Extraordinary General Meeting will be summoned in due course.

Contact:

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 (https://eur05.safelinks.protection.outlook.com/?url=

https%3A%2F%2Fwww.kongsbergautomotive.com%2F&data=05%7C02%7Cmsko%40wiersholm.no%7

Cab1977af294b417fc79608dd0ef44f2f%7C47fc1ce8c3a940faa0acaa6c8e81212a%7C0%7C0%7C63

8683164632646582%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAw

MCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=vtGIKuW2h

KtSWDh51t6NB3sqnEirSkT%2B7Oo2KXeUE%2Bw%3D&reserved=0)

AI Terminal