Kongsberg Automotive

Share Issue/Capital Change • Jul 30, 2020

Kongsberg Automotive ASA – Registration of new share capital relating to subsequent offering

Reference is made to the stock exchange announcement by Kongsberg Automotive ASA (the "Company") on 24 July 2020 regarding, inter alia, issuance of 3,000,000,000 new shares in connection with a subsequent offering in the Company, each with a nominal value and subscription price of NOK 0.10.

The share capital increase pertaining to issuance of the new shares in the subsequent offering has now been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is NOK 1,044,799,101.20 divided by 10,447,991,012. shares, each with a nominal value of NOK 0.10.

This information is subject of the disclosure requirements under section 5-12 of the Norwegian Securities TradingAct.

Kongsberg Automotive ASA

Jon Munthe General Counsel

Mobile phone: +47 901 14 582

KongsbergAutomotive 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. EUR1.1 billion and approximately 11.000 employees in 19 countries, KongsbergAutomotive 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