Kongsberg Automotive

Kongsberg Automotive ASA - Change in holding of own shares

Reference is made to the share consolidation approved by an extraordinary

general meeting in Kongsberg Automotive ASA (the "Company") held on 29 January

2021 (the "EGM") with effect from 3 February 2021.

In accordance with the EGM's resolution, all shareholders who at the time of the

implementation of the consolidation did not hold a number of shares with par

value NOK 0.10 divisible by 10 (i.e. pre consolidation of shares) and

accordingly would have received fractional shares post consolidation, have had

such shareholding rounded up to the nearest number of whole shares with par

value NOK 1 (i.e. post consolidation). The Company has today provided a number

of shares necessary to effect such rounding-up by use of the required number of

treasury shares held by the Company, in total 4,394 shares with par value NOK 1.

The shares are provided for such purpose without consideration in accordance

with the resolution by the EGM.

After this, the Company owns 3,716,304 shares in the Company, each of par value

NOK 1, representing approximately 0.35 % of the voting rights and share capital

in the Company.

Kongsberg Automotive ASA

Jon Munthe

General Counsel

Mobile phone: +47 901 14 582

Kongsberg Automotive provides world class products to the global vehicle

industry. Our products enhance the driving experience, making it safer, more

comfortable and sustainable. Approximately 11.000 employees in 19 countries,

Kongsberg Automotive is truly a global supplier. The company has more than 25

production facilities worldwide. The product portfolio includes seat comfort

systems, driver and motion control systems, fluid assemblies, and industrial

driver interface products developed for global vehicle manufacturers. Find more

information at www.kongsbergautomotive.com

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