Kongsberg Automotive

Share Issue/Capital Change • Feb 1, 2021

Kongsberg Automotive ASA - Registration of share capital increase

Kongsberg Automotive ASA - Registration of share capital increase

Reference is made to the resolution by the extraordinary general meeting in

Kongsberg Automotive ASA ("Kongsberg Automotive" or the "Company") on 29 January

2021 to increase the share capital by NOK 0.70 by issuance of 7 new shares each

of par value NOK 0.10.

The share capital increase of NOK 0.70 has today been registered with the

Norwegian Register of Business Enterprises. Following such registration, the

share capital of Kongsberg Automotive is NOK 1,054,860,644 divided into

10,548,606,440 shares, each with a par value of NOK 0.10.

The share capital increase shall facilitate the consolidation of the Company's

shares (reverse share split) by way of 10 shares each of par value NOK 0.10

being replaced by one share with par value NOK 1. As set out in the stock

exchange release published by the Company on 6 January 2021 with key information

relating to the share consolidation, the Company's shares shall trade including

the right to the share consolidation (i.e. shall trade with old par value of NOK

0.10) to and including 2 February 2021 (record date in VPS on 4 February 2021 to

be decisive) and shall trade without the right to share consolidation (i.e.

shall trade with new par value of NOK 1) from and including 3 February 2021

(Ex.Date).

This information is published in accordance with the requirements of the

Continuing Obligations.

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.  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