Kongsberg Automotive

Kongsberg Automotive enhances its financial capabilities by an additional "Receivables Securitization" facility

We have today, September 25[th], entered into an agreement with NORD/LB and

Finacity Corporation ("Finacity") to provide to Kongsberg Automotive Group a

committed 60 Million EUR facility with a three years tenure, intended to take

effect on October 19[th], 2020. The securitization program will finance trade

receivables originated by the Group's businesses in the US, Canada, Poland and

Slovakia, with the option for French receivables to be added in the future.

This complements our liquidity improvement projects and provides to us very

efficient and flexible additional funding on top of the previously reported

increase in our Revolving Credit Facility (RCF) and the successfully completed

raise of new equity earlier this year.

We wish to thank NORD/LB and Finacity for their commitments.

About NordLB

NORD/LB is the leading universal bank in the north of Germany. As a universal

bank, NORD/LB provides an attractive and comprehensive offering of financial

products to private, corporate and institutional customers as well as to the

public sector. NORD/LB's Asset Backed Finance ("ABF") team was established in

2000 and is comprised of well-seasoned, multilingual professionals with a

passion for securitization, stationed in Germany and the US. Through the ABF

team, NORD/LB offers efficient and flexible working capital financing solutions

to its customers in Germany and around the world. The customized financings are

based on each customers' unique business needs, offering a highly flexible

working capital solution. For further information, contact Edward Weber,

[email protected], or + 1 212 812 6949.

About Financity

Finacity, a member of the Greensill family of companies, specializes in the

structuring and provision of efficient capital markets receivables funding

programs, supplier and payables finance, back-up servicing, and program

administration. Finacity currently facilitates the financing and administration

of an annual receivables volume of approximately $100 billion.

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. With revenues of approx. EUR 1.1 billion and

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

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