Kongsberg Automotive

Prospectus • Jul 3, 2020

Kongsberg Automotive ASA - Approved prospectus for listing of shares in private placement on Oslo Børs and offer and listing of shares in subsequent offering

Kongsberg Automotive ASA - Approved prospectus for listing of shares in private placement on Oslo Børs and offer and listing of shares in subsequent offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR

INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, THE UNITED STATES

OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION

WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY, SELL

OR SUBSCRIBE FOR ANY SECURITIES DESCRIBED HEREIN.

Reference is made to previous announcements by Kongsberg Automotive ASA (the

"Company") regarding the completed private placement with gross proceeds of NOK

700 million by issuance of 7,000,000,000 new shares, approved by an

extraordinary general meeting in the Company on 15 June 2020 (the "Private

Placement"), and the contemplated subsequent offering with gross proceeds of up

to NOK 300 million by issuance of up to 3,000,000,000 new shares (the

"Subsequent Offering").

A prospectus covering (i) the listing on Oslo Børs of the 6,910,947,867 shares

issued in tranche 2 of the Private Placement (the "Tranche 2 Private Placement

Shares") and (ii) the offer and listing on Oslo Børs of any new shares issued in

the Subsequent Offering has today been approved by the Financial Supervisory

Authority of Norway (the "Prospectus").

Subject to certain limitations in applicable local securities law, the

Prospectus, together with the subscription form for the Subsequent Offering,

will be made available at the following websites on 6 July 2020 prior to

commencement of the Subsequent Offering at 09:00 (CEST),

https://www.sb1markets.no/ and https://www.kongsbergautomotive.com/investor

-relations/. Printed versions of the Prospectus, including the subscription

form, may also be obtained by contacting SpareBank 1 Markets AS or the Company.

The Subscription Period in the Subsequent Offering will commence at 09:00 (CEST)

on 6 July 2020 and end on 24 July 2020 at 16:30 (CEST) (the "Subscription

Period"). Further information regarding the Subsequent Offering will be

published in a stock exchange announcement on 6 July 2020 before commencement of

the Subscription Period. Eligible shareholders will also receive a letter from

SpareBank 1 Markets AS with further details on the number of subscription rights

granted to such eligible shareholders.

Pending publication of the Prospectus, the 6,910,947,867 Tranche 2 Private

Placement Shares have been placed on an ISIN separate from the Company's other

shares and been admitted to trading on Merkur Market. Upon publication of the

Prospectus, the Tranche 2 Private Placement Shares will be transferred to the

same ISIN as the Company's ordinary shares and accordingly become listed and

tradeable on Oslo Børs together with the Company's other shares. Thus, the last

day of trading of the Tranche 2 Private Placement Shares on Merkur Market was

today, 3 July 2020, and the first day of trading of the Tranche 2 Private

Placement Shares on Oslo Børs will be on 6 July 2020.

SpareBank 1 Markets AS is acting as manager for the Subsequent Offering.

Advokatfirmaet Wiersholm AS is acting as the Company's legal adviser for the

Private Placement and the Subsequent Offering.

For information about the Subsequent Offering, please contact the manager:

SpareBank 1 Markets AS, tel. +47 24 14 74 70

IMPORTANT INFORMATION

This announcement is for information purposes only and does not form a part of

any offer to sell, or a solicitation of an offer to purchase, any securities of

the Company. Neither this announcement nor any copy of it may be taken or

transmitted directly or indirectly into the United States, Australia, New

Zealand, Canada, Hong Kong or Japan, or to any persons in any of those

jurisdictions, except in compliance with applicable securities laws. Any failure

to comply with this restriction may constitute a violation of national

securities laws.

The securities referred to in this announcement have not been and will not be

registered under the U.S. Securities Act of 1933, as amended (the "Securities

Act"), or any securities laws of any state or other jurisdiction of the United

States and may not be offered or sold within the United States except pursuant

to an exemption from, or in a transaction not subject to, the registration

requirements of the Securities Act and in compliance with applicable state law.

The Company does not intend to register any part of the offering or their

securities in the United States or to conduct a public offering of securities in

the United States. Any sale in the United States of the securities mentioned in

this announcement will be made solely to "qualified institutional buyers" as

defined in Rule 144A under the Securities Act.

Any offering of the securities referred to in this announcement will be made by

means of a prospectus. This announcement is an advertisement and does not

constitute a prospectus for the purposes of the Prospectus Regulation (EU)

2017/1129 (as amended, together with any applicable implementing measures in any

EEA member state, the "Prospectus Regulation"). In any EEA member state that has

implemented the Prospectus Regulation, this communication is only addressed to

and is only directed at qualified investors in that member state within the

meaning of the Prospectus Regulation.

In the United Kingdom, this notice is not being distributed, nor has it been

approved for the purposes of Section 21 of the Financial Services and Markets

Act 2000 ("FSMA"), by a person authorized under FSMA and is directed only at

persons who (i) are outside the United Kingdom, (ii) are investment

professionals falling within Article 19(5) of the U.K. Financial Services and

Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or

(iii) high net worth companies, and other persons to whom it may lawfully be

engaged with, falling within Article 49(2)(a) to (d) of the Order (all such

persons in (i), (ii) and (iii) above together being referred to as "relevant

persons"). Under no circumstances should persons who are not relevant persons

rely or act upon the contents of this announcement. Any investment or investment

activity to which this notice relates in the United Kingdom is available only

to, and will be engaged only with, relevant persons.

The Manager is acting exclusively for the Company and no one else in connection

with the transactions described herein and assume no responsibility for this

announcement. Neither the Manager nor any of its respective directors, officers,

employees, advisers or agents accepts any responsibility or liability whatsoever

for/or makes any representation or warranty, express or implied, as to the

truth, accuracy or completeness of the information in this announcement (or

whether any information has been omitted from the announcement) or any other

information relating to the Company, its subsidiaries or associated companies,

whether written, oral or in a visual or electronic form, and howsoever

transmitted or made available or for any loss howsoever arising from any use of

announcement or its contents or otherwise arising in connection therewith.

Matters discussed in this announcement may constitute forward-looking

statements. Forward-looking statements are statements that are not historical

facts and may be identified by words such as "anticipate", "believe",

"continue", "estimate", "expect", "intends", "may", "should", "will" and similar

expressions. The forward-looking statements in this release are based upon

various assumptions, many of which are based, in turn, upon further assumptions.

Although the Company believes that these assumptions were reasonable when made,

these assumptions are inherently subject to significant known and unknown risks,

uncertainties, contingencies and other important factors which are difficult or

impossible to predict and are beyond its control. Such risks, uncertainties,

contingencies and other important factors could cause actual events to differ

materially from the expectations expressed or implied in this release by such

forward-looking statements. The information, opinions and forward-looking

statements contained in this announcement speak only as at its date, and are

subject to change without notice.

This announcement is for information purposes only and is not to be relied upon

in substitution for the exercise of independent judgment. It is not intended as

investment advice and under no circumstances is it to be used or considered as

an offer to sell, or a solicitation of an offer to buy any securities or a

recommendation to buy or sell any securities of the Company. Neither the Manager

nor any of its respective affiliates accepts any liability arising from the use

of this announcement.

Each of the Company, the Manager and their respective affiliates expressly

disclaims any obligation or undertaking to update, review or revise any

statement contained in this announcement whether as a result of new information,

future developments or otherwise.

The distribution of this announcement and other information may be restricted by

law in certain jurisdictions. Persons into whose possession this announcement or

such other information should come are required to inform themselves about and

to observe any such restrictions.

This information is subject of the disclosure requirements under section 5-12 of

the Norwegian Securities Trading Act and is published in accordance with the

requirements of the Oslo Stock Exchange's Continuing Obligations.

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