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Kongsberg Automotive

Major Shareholding Notification • Jun 15, 2020

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Major Shareholding Notification

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KOA – Disclosure of large shareholdings

Reference is made to today’s announcement (the “Notice”) by Kongsberg Automotive ASA (“KOA” or the “Company”) regarding its extraordinary general meeting held as of today.

Apollo Asset Limited, a company wholly owned by Arne Fredly (“Apollo”), has acquired 740,000,000 shares (the “Shares”) in the Company at a price of NOK 0.10 per share in the Private Placement. The Shares represent, and Apollo will own, 9.94% of the share capital and voting rights in the Company following registration and completion of the Capital Decrease and Private Placement (as defined in the Notice).

This notification is made pursuant to section 4-3 of the Norwegian Securities Trading Act.