Kongsberg Automotive

Declaration of Voting Results & Voting Rights Announcements • Jul 21, 2020

Kongsberg Automotive ASA - Exercise of subscriptions rights in the subsequent offering by Primary insiders

Kongsberg Automotive ASA - Exercise of subscriptions rights in the subsequent 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 insider has exercised subscription rights, based on his registered shareholding as of the Record Date, giving preferential rights to be allocated offer shares in the Subsequent Offering: Norbert Loers, Primary insider and CFO has exercised 1,054,650 subscription rights providing for a right to subscribe and be allocated 1,054,650 new shares in the Subsequent Offering.

After the above transaction the new shareholding is as follows: Norbert Loers, Primary insider and CFO holds 1,204,650 shares.