Kongsberg Automotive

Share Issue/Capital Change • Jul 16, 2020

Kongsberg Automotive ASA - Exercise of subscriptions rights in the subsequent offering and participation on the LTI Participant Offering by Primary insiders

Kongsberg Automotive ASA - Exercise of subscriptions rights in the subsequent offering and participation on the LTI Participant Offering by Primary insiders

Reference is made to the stock exchange announcement published by Kongsberg

Automotive ASA (the "Company") on 6 July 2020 regarding commencement of the

subscription period in a subsequent offering with gross proceeds of up to NOK

300 million by issuance of up to 3,000,000,000 new shares at a subscription

price of NOK 0.10 per share (the "Subsequent Offering").

The following Primary insider has exercised subscription rights giving

preferential rights to be allocated offer shares in the Subsequent Offering:

Robert Riedford, Primary insider and President of Powertrain & Chassis has

exercised 384,391 subscription rights providing for a right to subscribe and be

allocated 384,391 new shares in the Subsequent Offering.

The following Primary insider has subscribed to shares according the company's

Long Term Incentive Participants Offering ("LO"). The shares are subscribed to

at NOK 0.10 each. The subscription is made further to authorization granted by

resolution by the Annual General Meeting 30 June 2020 to the Board of Directors

to increase the share capital to fulfil its obligations according to the

company's Long Term Incentive Program ("LTI"). The subscriptions are subject to

subsequent approval by the Board of Directors to increase the share capital by a

share issue directed towards the Company's participants in the LTI.

Dzeki Mackinovski, Primary insider and Executive Vice President Purchasing has

subscribed to 8,623,310 in accordance with the LO.

After the above transactions the new shareholdings are as follows:

Robert Riedford, Primary insider and President of Powertrain & Chassis holds

439,115 shares

Dzeki Mackinovski, Primary insider and Executive Vice President Purchasing holds

8,797,110 shares

Kongsberg Automotive ASA

Jon Munthe

General Counsel

Mobile phone: +47 901 14 582

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 approx. EUR 1.1 billion and

approximately 11.000 employees in 19 countries, Kongsberg Automotive is truly a

global supplier. The company has more than 25 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