Kongsberg Automotive

Transaction in Own Shares • May 23, 2022

Transactions carried out under the share buy-back program

As announced May 13, 2022 Kongsberg Automotive ASA put in place a non-discretionary agreement with Danske Bank for the repurchase of Kongsberg Automotive shares for up to 10% of it's outstanding shares in the market. The share repurchases started May 19, 2022.

Date	Aggregated Daily Volume (# of Shares)	Weighted Average Price (NOK)	Total Transaction Value (NOK)
May 19, 2022	554.847	2,69	1.493.704
May 20, 2022	545.915	2,77	1.511.038
May 23, 2022	544.686	2,78	1.514.663
Total Purchased under the Program (as of May 23, 2022)	1.645.448	2,75	4.519.405

See the attached document for information about the individual transaction made under the buy-back program.

Kongsberg Automotive will seek approval from the 2023 Annual General Meeting for cancellation of the repurchased shares. For further information regarding the share buy-back program, please see the stock exchange notifications from May 13, 2021.

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 Harbour Regulation").

After the above-mentioned transactions Kongsberg Automotive owns a total of 3.472.350 own shares, corresponding to 0,33% of Kongsberg Automotive's share capital.

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

Media contact:

Therese Sjoborg Skurdal therese.skurdal@ka-group.com +47 982 14 059

Investor relations contact:

Jakob Bronebakk jakob.bronebakk@ka-group.com +47 906 39 637