Kongsberg Automotive

Transaction in Own Shares • Dec 9, 2021

Kongsberg Automotive announced a 10% buy back of shares at their Capital Markets Day

Kongsberg Automotive announced a 10% buy back of shares at their Capital Markets Day

In order to ensure that no one has managed to miss the salient points of your

excellent presentation, I would like to include the following text in the stock

exchange notice with the link to the recording:

Kongsberg Automotive has today held its Capital Markets Day, where CEO Joerg

Buchheim and CTO Dr Christian Amsel presented the company's plans for the

future.

Key highlights of the presentation were:

· The Shift Gear program is progressing well, has helped to offset effects of

the supply chain situation, and is laying the foundation for improved future

profitability.

· The divestments announced in October are expected to close towards the end

of the first quarter, at which point the proceeds will be used to buy back 10%

of the company's shares, reduce outstanding debt, and invest in new technology

and innovation.

· The portfolio transformation will reduce the company's exposure to highly

volatile passenger car segment, focusing further on specialty products,

commercial vehicles and new adjacent product areas.

The presentation is attached, and a recording of the event is here:

Link (https://sdk.companywebcast.com/sdk/player/?id=hegnarmedia_20211209_1&custom

BtnColor=da7038,674429)