Kongsberg Automotive

A possible divestiture of ePower

As stated during its 2016 capital markets day, Kongsberg Automotive ("KA") is

reviewing its product portfolio. As a result of this, KA is considering to

divest its ePower business. Consequently, KA has entered into negotiations with

a potential buyer to divest its ePower business which is headquartered in

Sweden. KA's ePower business develops, manufactures and markets on board

chargers for the vehicle industry and currently has 20 employees. This business

generated less than 1 million Euro in revenues in 2016.

Investors/analysts:

Norbert Loers, Chief Financial Officer; mobile: +41 79 159 68 16

About Kongsberg Automotive:

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 around EUR 1.0 billion and 10,000

employees in 19 countries, Kongsberg Automotive is truly a global supplier. The

company is headquartered in Switzerland and has 28 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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