Kongsberg Automotive

Major Shareholding Notification • Jun 15, 2020

Disclosure of large shareholding in Kongsberg Automotive ASA (“Company”)

Disclosure of large shareholding in Kongsberg Automotive ASA (“Company”)

Reference is made to the stock exchange release from the Company 15 June 2020 regarding its extraordinary general meeting.

Tycoon Industrier AS, a company controlled by Øystein Stray Spetalen, has on 15 June acquired 500 million shares in the Private Placement, representing 6.7 % of the Company (after the new shares from the Private Placement of 7 000 000 000 has been issued).

Saga Tankers ASA, a company controlled by Øystein Stray Spetalen, has on 15 June acquired 240 million shares in the Private Placement, representing 3.2 % of the Company (after the new shares from the Private Placement of 7 000 000 000 has been issued).

After the transaction Øystein Stray Spetalen and associated companies have a total holding of 740 million shares, representing 9.94 % of the Company (after the new shares from the Private Placement of 7 000 000 000 has been issued).