Update on the announced Extraordinary General Meeting at Kongsberg Automotive

28 Nov 2024 15:04 CET

With reference to the stock exchange release dated November 27, 2024, regarding
request for an Extraordinary General Meeting at Kongsberg Automotive

Kongsberg, November 28, 2024: A group of shareholders represented by Arne Fredly
and Arild Christoffersen, constituting 17.2% of the votes in Kongsberg
Automotive ASA (KA), has today proposed to elect Synnøve Gjønnes as a new member
of KA's Board of Directors, replacing current Board member Christina Hallin upon
election.

The proposal to elect Synnøve Gjønnes to the Board is in addition to the
proposed replacement of the two members of KA's Board of Directors, as announced
yesterday.

Gjønnes is a financial adviser with a Master's degree from London School of
Economics. She has more than 10 years of experience from equity analysis,
corporate finance and portfolio management. Gjønnes has previously served as a
member of KA's Nomination Committee as a portfolio manager at KLP.

Further, in order to clarify, Arild Christoffersen has been proposed to serve as
the Chair of KA's Nomination Committee.

The Extraordinary General Meeting will be summoned in due course.

Contact:

corporate.communications@ka-group.com

About Kongsberg Automotive ASA

Kongsberg Automotive provides cutting-edge technology to the global vehicle
industry. We drive the global transition to sustainable mobility by putting
engineering, sustainability, and innovation into practice. Our product portfolio
includes driver and motion control systems, fluid assemblies, and industrial
driver interface products. Find more information
at: kongsbergautomotive.com (https://eur05.safelinks.protection.outlook.com/?url
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633446_Release.pdf