Kongsberg Automotive

Share Issue/Capital Change • Jul 23, 2020

Kongsberg Automotive ASA - Exercise of subscriptions rights in the subsequent offering and participation on the LTI Participant Offering by Primary insiders

Kongsberg Automotive ASA - Exercise of subscriptions rights in the subsequent offering and participation on the LTI Participant Offering by Primary insiders

Reference is made to the stock exchange announcement published by Kongsberg

Automotive ASA (the "Company") on 6 July 2020 regarding commencement of the

subscription period in a subsequent offering with gross proceeds of up to NOK

300 million by issuance of up to 3,000,000,000 new shares at a subscription

price of NOK 0.10 per share (the "Subsequent Offering").

The following Primary insiders have exercised subscription rights giving

preferential rights to be allocated offer shares in the Subsequent Offering:

Henning Jensen, Primary insider, President and CEO has exercised 3,140,389

subscription rights providing for a right to subscribe and be allocated

3,140,389 new shares in the Subsequent Offering.

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

Systems has exercised 819,237 rights providing for a right to subscribe and be

allocated 819,237 new shares in the Subsequent Offering.

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

exercised 388,800 rights providing for a right to subscribe and be allocated

388,800 new shares in the Subsequent Offering.

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

and HSE has exercised 355,572 rights providing for a right to subscribe and be

allocated 355,572 new shares in the Subsequent Offering.

Virginia Grando, Primary insider and Executive Vice President Quality has

exercised 434,557 rights providing for a right to subscribe and be allocated

434,557 new shares in the Subsequent Offering.

Dzeki Mackinovski, Primary insider and Executive Vice President Purchasing has

exercised 1,221,987 rights providing for a right to subscribe and be allocated

1,221,987 new shares in the Subsequent Offering.

Bjorn Ivar Odegard, Primary insider and Mechanic (employee representative) has

exercised 105,465 rights providing for a right to subscribe and be allocated

105,465 new shares in the Subsequent Offering.

The following Primary insider has subscribed to shares according the company's

Long Term Incentive Participants Offering ("LO"). The shares are subscribed to

at NOK 0.10 each. The subscription is made further to authorization granted by

resolution by the Annual General Meeting 30 June 2020 to the Board of Directors

to increase the share capital to fulfil its obligations according to the

company's Long Term Incentive Program ("LTI"). The subscriptions are subject to

subsequent approval by the Board of Directors to increase the share capital by a

share issue directed towards the Company's participants in the LTI.

Henning Jensen, Primary insider, President and CEO has subscribed to 18,859,611

shares in accordance with the LO.

Norbert Loers, Primary insider and CFO has subscribed to 2,795,350 shares in

accordance with the LO.

Ralf Voss, Primary insider and President of Interior has subscribed to 4,000,000

shares in accordance with the LO.

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

Systems has subscribed to 4,200,000 shares in accordance with the LO.

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

subscribed to 2,100,000 shares in accordance with the LO.

Jon Munthe, Primary insider and General Counsel has subscribed to 500,000 shares

in accordance with the LO.

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

and HSE has subscribed to 2,000,000 shares in accordance with the LO.

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

Reporting has subscribed to 2,000,000 shares in accordance with the LO.

After the above transactions the new shareholdings are as follows:

Henning Jensen, Primary insider, President and CEO holds 22,446,649 shares.

Norbert Loers, Primary insider and CFO holds 4,000,000 shares.

Ralf Voss, Primary insider and President of Interior holds 4,036,311 shares.

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

Systems holds 5,150,220 shares.

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

2,544,098 shares.

Jon Munthe, Primary insider and General Counsel holds 555,595 shares.

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

and HSE holds 2,406,144 shares.

Virginia Grando, Primary insider and Executive Vice President Quality holds

596,363 shares.

Dzeki Mackinovski, Primary insider and Executive Vice President Purchasing holds

10,019,097 shares.

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

Reporting holds 2,017,535 shares.

Bjorn Ivar Odegard, Primary insider and Mechanic (employee representative) holds

120,465 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