Kongsberg Automotive

Kongsberg Automotive ASA - Proposal by the board of directors to consolidate shares

The board of directors of Kongsberg Automotive ASA (the "Company") has proposed

that an extraordinary general meeting of the Company resolves consolidation of

the Company's shares by a consolidation factor of 10:1 and a corresponding

increase of par value per share from NOK 0.10 to NOK 1. In order to facilitate

the share consolidation the board of directors also proposes a minor increase of

the current share capital by NOK 0.70 (7 shares each of par value NOK 0.10), in

order to obtain a total number of shares outstanding divisible by 10. Subject to

positive resolution by the extraordinary general meeting, the Company's shares

shall trade including the right to the share consolidation to and including 2

February 2021 (record date in VPS on 4 February 2021 to be decisive). Thus, the

Company's shares will be traded without the right to share consolidation from

and including 3 February 2021 (Ex.Date).

The board of directors will convene an extraordinary general meeting to discuss

the above matters to be held on 29 January 2021 at 10:00 hrs. The notice for the

extraordinary general meeting will be published by the Company and distributed

to shareholders within the deadline 8 January 2021.

This information is subject of the disclosure requirements under Oslo Rulebook

II - Issuer Rules.

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

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