Kongsberg Automotive

Major Shareholding Notification • Dec 22, 2023

Filing to the Oslo Stock Exchange with respect to: Kongsberg Automotive ASA

Dear Sirs,

Pursuant to the requirements on notifications as detailed in the Norwegian Securities Trading Act Section 4-3 subsection (1) we hereby provide the following information to you per our notification obligations:

(a) the name of the issuer of the shares:

Kongsberg Automotive ASA (KOA)

(b) the date on which the proportion of shares held reached, exceeded, or fell below the thresholds set in the Securities Trading Act section 4-3 subsection (1):

21 December 2023

(c) name of the entity subject to the disclosure obligation, including the names of the shareholders:

Teleios Global Opportunities Master Fund, Ltd. (Teleios Master Fund)

(d) the number of shares the notification encompasses:

236,621,968

(e) the subsequent situation with regard to voting rights, including the percentage of the votes and shares of the company held by the entity concerned:

Entity	Shares held 20th December 2023	Shares traded 21st December 2023	Shares held 21st December 2023	% Ownership
Teleios Master Fund	241,696,668	5,074,700	236,621,968	24.87%
% Ownership	25.40%	0.53%	24.87%	24.87%
Total KOA shares in issue	951,423,131
Total KOA voting rights	951,423,131

(f) what percentage of the votes and shares of the company the entity concerned holds in the form of rights to shares:

None

(g) the circumstance that triggered the disclosure obligation and whether such circumstance applied to the entity concerned himself or to any related party as mentioned in the Securities Trading Act section 2-5:

Net Share sale of 5,074,700 shares on 21 December 2023.

(h) the chain of controlled undertakings through which the shares or rights are owned:

As detailed in c) & e) above

(i) where the notification concerns rights to shares as mentioned in the Securities Trading Act section 4-3 subsection (4) the notification shall also contain a description of the rights, including information on the date and time that the rights will or can be exercised and the date and time of their expiry:

Not Applicable

(2) If the obligation to notify under this section rests with more than one person, a joint notification may be submitted. Submitting a joint notification does not release the individual person from his responsibilities under the Securities Trading Act section 4-3 and this section.

Please contact Carl Speck on + 41 41 506 56 56 for any queries relating to this notification.

Date: 21 December 2023