Kongsberg Automotive

Share Issue/Capital Change • Sep 9, 2020

Kongsberg Automotive ASA - Vesting and Exercise of Restricted Stock Units by Primary Insiders

Kongsberg Automotive ASA - Vesting and Exercise of Restricted Stock Units by Primary Insiders

Reference is made to the stock exchange announcement published by Kongsberg

Automotive ASA (the "Company") on 10 August 2020 and 17 August 2020 regarding

the purchase of treasury shares to satisfy the long-term incentive program (LTI)

needs. The LTI program is described in the binding part of company's Statement

of Remuneration which was approved by the Annual General Meeting 30 June 2020.

The following Primary insiders have exercised their vested Restricted Stock

Units (RSU) from the LTI programs as below and have kept their shares:

Robert Pigg, Primary insider and Co-CEO of Kongsberg Automotive has exercised

vested RSUs and thus received the amount of 451.112 shares.

Norbert Loers, Primary insider and Co-CEO of Kongsberg Automotive has exercised

vested RSUs and thus received the amount of 1.121.033 shares.

Robert Riedford, Primary insider and President of Powertrain  & Chassis has

exercised vested RSUs and thus received the amount of 956.488 shares.

David Redfearn, Primary insider and Executive Vice President of Fluid Transfer

Systems has exercised vested RSUs and thus received the amount of 383.564

shares.

Linda Nyquist-Evenrud, Primary insider and Senior Vice President Couplings has

exercised vested RSUs and thus received the amount of 330.394 shares.

Marcus von Pock, Primary insider and Executive Vice President HR, Communications

and HSE has exercised vested RSUs and thus received the amount of 556.847

shares.

Virginia Grando, Primary insider and Executive Vice President Quality has

exercised vested RSUs and thus received the amount of 455.375 shares.

Dzeki Mackinovski, Primary insider and Executive Vice President Purchasing has

exercised vested RSUs and thus received the amount of 289.503 shares.

Jon Munthe, Primary insider and General Counsel has exercised vested RSUs and

thus received the amount of 379.790 shares.

Juan Du, Primary insider and Vice President Global Tax has exercised vested RSUs

and thus received the amount of 91.686 shares.

The following Primary insider has exercised their vested Restricted Stock Units

(RSU) from the LTI programs as below and has sold their shares:

Martina Schuele, Primary insider and Vice President Finance Group Accounting &

Reporting has exercised vested RSUs and sold the amount of 366.836 shares for

the price of NOK 0,1419.

After the above vesting, the new shareholdings are as follows:

Robert Pigg, Primary insider and Co-CEO of Kongsberg Automotive holds 503.908

shares.

Norbert Loers, Primary insider and Co-CEO of Kongsberg Automotive holds

5.121.033 shares.

Robert Riedford, Primary insider and President of Powertrain  & Chassis holds

1.395.603 shares.

David Redfearn, Primary insider and Executive Vice President of Fluid Transfer

Systems holds 3.601.759 shares.

Linda Nyquist-Evenrud, Primary insider and Senior Vice President Couplings holds

2.874.492 shares.

Marcus von Pock, Primary insider and Executive Vice President HR, Communications

and HSE holds 2.962.991 shares.

Virginia Grando, Primary insider and Executive Vice President Quality holds

1.051.738 shares.

Dzeki Mackinovski, Primary insider and Executive Vice President Purchasing holds

10.308.600 shares.

Jon Munthe, Primary insider and General Counsel holds 935.385 shares.

Juan Du, Primary insider and Vice President Global Tax holds 91.686 shares.

Martina Schuele, Primary insider and Vice President Finance Group Accounting &

Reporting holds 2,017,535 shares.

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

www.kongsbergautomotive.com