Kongsberg Automotive

Transaction in Own Shares • Dec 11, 2023

Transactions carried out under Kongsberg Automotive's share buy-back program

Transactions carried out under Kongsberg Automotive's share buy-back program

As announced on November 7, 2023 Kongsberg Automotive ASA (KA) has put in place

a non-discretionary agreement with Danske Bank for the repurchase of up to 2.5%

of its outstanding shares in the market. The share repurchases started on

November 17, 2023.

Date Aggregated Daily Weighted Total

Volume (# of Average Price Transaction

Shares) (NOK) Value(NOK)

December 5, 2023 300,000 1.97 590,400

December 6, 2023 300,000 1.99 596,340

December 7, 2023 300,000 1.99 597,840

December 8, 2023 300,000 1.99 596,880

December 11, 2023 300,000 1.97 589,170

Total Purchased 1,500,000 1.98 2,970,630

under the Program

(between December

5 and December 11,

2023)

Total Purchased 5,100,000 2.02 10,391,400

under the Program

(as

of December 11,

2023)

See the attached document for information about the individual transaction made

under the buy-back program.

For further information regarding the share buy-back program, please see the

stock exchange notification published on November 15, 2023.

The buyback program is carried out in accordance with the Market Abuse

Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No

2016/1052 (Safe Harbor Regulation).

After the above-mentioned transactions KA owns a total of 5,100,000 own shares,

corresponding to 0.54% of KA's share capital.

As communicated November 15, KA will publicly announce information about the

transactions relating to the buy-back program, in a detailed form and in an

aggregated form, no later than by the end of the seventh trading day following

the date of the execution of such transactions. The aggregated form will

indicate the aggregated volume and the weighted average price per day and per

trading venue. The information will also be posted on the KA's website. The next

announcement will be made after the trading day of December 18.

Investor Relations contact:

Mads Langaard - Head of Investor Relations

mads.langaard@ka-group.com

+47 905 81 264

Media and communications contact:

Therese Sjöborg Skurdal - Director Corporate 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 (https://www.kongsbergautomotive.com/)