Kongsberg Automotive

Remuneration Information • Jun 2, 2017

Grant of Restricted Shares

Grant of Restricted Shares

Grant of restricted shares in Kongsberg Automotive ASA ("the Company").

1. On 2 June 2017, KA's Board of Directors were granted 73,530 restricted

shares, of which 73,530 to primary insiders.

The underlying shares have been provided by transfer of the Company's holding of

treasury shares. Subsequent to the transaction, Kongsberg Automotive ASA holds

3,154,604 own shares.

The shares were granted on terms resolved by the Company's Annual General

Meeting on 1 June 2017:

·  Each of the Directors shall receive restricted shares in KA for NOK

100,000.

·  No consideration shall be paid for the shares, but the Directors cannot

sell any of these shares before June 2, 2020.

The number of shares have been determined based on a market price of NOK 6.80

per share.

2. The primary insiders mentioned below were granted the following number of

shares:

Bruce E. Taylor  14,706

Ellen M. Hanetho  14,706

Thomas Falck  14,706

Gunilla Nordstrom  14,706

Ernst F. Kellermann  14,706

73,530

3. New holding

After grant, the primary insiders mentioned in paragraph 2 hold the following

number of shares in Kongsberg Automotive ASA:

Bruce E. Taylor                  156,497

Ellen M. Hanetho                 14,706

Thomas Falck                  1,014,706

Gunilla Nordstrom                14,706

Ernst F. Kellermann             14,706

Investors/analysts:

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

Media:

Fredrik Tangeraas, Director, Corporate Communications; mobile: +47 924 64 699

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 29 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

www.kongsbergautomotive.com