Kongsberg Automotive

Major Shareholding Notification • Jul 6, 2017

TELEIOS

Filing to the Oslo Stock Exchange with respect to: Kongsberg Automotive ASA

Dear Sirs.

Pursuant to the requirements on notifications as detailed in the Norwegian Securities Trading Act Section 4-3 subsection (1) we hereby provide the following information to you per our notification obligations:

(a) the name of the issuer of the shares:

Kongsberg Automotive ASA (KOA)

(b) the date on which the proportion of shares held reached, exceeded or fell below the thresholds set in the Securities Trading Act section 4-3 subsection (1):

5 July 2017

(c) name of the entity subject to the disclosure obligation, including the names of the shareholders:

Teleios Capital Partners LLC, the entity subject to the disclosure obligation, has investment management agreements in place with the four entities listed below which together form a group for disclosure purposes. In aggregate the four members of the group's shareholding exceeds the disclosure threshold.

• 1) Teleios Global Opportunities Master Fund, Ltd. (Teleios Master Fund)
• $2)$ 2B LLC
• 3) Arango Trading & Finance Corp. (ATFC)
• 4) Blackwell Partners LLC Series E (Blackwell)
• (d) the number of shares the notification encompasses:

61,192,477

(e) the subsequent situation with regard to voting rights, including the percentage of the votes and shares of the company held by the entity concerned:

Entity	Shares held 4th July 2017	Shares traded 5th July 2017	Shares held 5th July 2017	% Ownership
Teleios Master Fund	24,405,048	3,949,799	28,354,847	6.97%
2B LLC	5,334,529	(562, 856)	4,771,673	1.17%
ATFC	8,152,086	(692, 461)	7,459,625	1.83%
Blackwell	23,054,015	(2,447,683)	20,606,332	5.07%
Total	60,945,678	246,799	61,192,477	15.04%
Total KOA shares in issue:		406,768,131

% Ownership	14.98%	0.06%	15.04%

(f) what percentage of the votes and shares of the company the entity concerned holds in the form of rights to shares:

None

(g) the circumstance that triggered the disclosure obligation and whether such circumstance applied to the entity concerned himself or to any related party as mentioned in the Securities Trading Act section 2-5:

Net Share purchases of 246,799 shares on 5 July 2017

(h) the chain of controlled undertakings through which the shares or rights are owned:

As detailed in c) & e) above

$(i)$ where the notification concerns rights to shares as mentioned in the Securities Trading Act section 4-3 subsection (4) the notification shall also contain a description of the rights, including information on the date and time that the rights will or can be exercised and the date and time of their expiry:

Not Applicable

(2) If the obligation to notify under this section rests with more than one person, a joint notification may be submitted. Submitting a joint notification does not release the individual person from his responsibilities under the Securities Trading Act section 4-3 and this section.

Please contact Cark Speck on +41 41 506 5656 for any queries relating to this notification

Best Regards: Spec Partner

Date: 5 July 2017