Kongsberg Automotive

Kongsberg Automotive's Capital Markets Day 2024

Kongsberg, May 13, 2024: Kongsberg Automotive (KA) is hosting its Capital

Market's Day today at 13:00 (CET).

Key highlights:

· Long-term financial ambitions 2028 of revenues above EUR 1.0 bn and EBIT

margin at or above 8.5%

· Reestablishment of Kongsberg, Norway as the headquarters

· Continued focus to achieve 100% renewable energy in all sites by 2030 and

carbon neutral products by 2039

· High focus on innovation and improvement

· Strategic aim to become a technology and market leader within our core

business areas

KA's Capital Market's Day 2024 presentation is enclosed and available on KA's

website.

Media and communications contact:

Therese Sjöborg Skurdal - Director Corporate Communications

+47 982 14 059

Investor Relations contact:

Mads Langaard - Head of Investor Relations

+47 905 81 264

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://www.kongsbergautomotive.com/)

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