Kongsberg Automotive

Major Shareholding Notification • Oct 24, 2018

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):

23 October 2018

(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 two entities listed below which together form a group for disclosure purposes. In aggregate the two members of the group's shareholding exceeds the disclosure threshold.

• 1) Teleios Global Opportunities Master Fund, Ltd. (Teleios Master Fund)
• 2) Blackwell Partners LLC Series E (Blackwell)

(d) the number of shares the notification encompasses:

111,923,331

(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 22nd October 2018	Shares traded 23rd October 2018	Shares held 23rd October 2018	$\frac{0}{0}$ Ownership
Teleios Master Fund	92,310,049	82,499	92,392,548	20.65
Blackwell	19,513,282	17,501	19,530,783	4.36
Total	111,823,331	100,000	111,923,331	25.01
Total KOA shares in issue	447,444,943		447,444,943
% Ownership	24.99%	0.02%	25.01%

(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 100,000 shares on 23 October 2018.

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

As detailed in c) & e) above

where the notification concerns rights to shares as mentioned in the $(i)$ 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 Carl Speck on +41 41 506 5659 for any queries relating to this notification.

Best Regards:

Igor Kuzniar Partner

Date: 24 October 2018