Kongsberg, May 28, 2024: Kongsberg Automotive (KA) has appointed Christian
Johansson as new CFO, effective June 3, 2024. He succeeds Frank Heffter, who has
decided to leave KA to pursue opportunities outside the organization.

Johansson has over 30 years of extensive international experience in global
industrial and automotive companies, including over a decade-long senior
leadership role at Volvo Group as the CFO of Volvo Trucks.

Johansson is currently the interim Group CFO of Colmec Group and recently served
as Group CFO for Lantmännen, SKF Group, and Gunnebo. He holds an MBA from
Stockholm University and an AMP from INSEAD.

"Johansson has an impressive background, both in the supplier as well as the
Original Equipment Manufacturer (OEM) side of the automotive industry and has a
proven track record of driving business improvement and profitable growth," says
Linda Nyquist-Evenrud, KA's President & CEO, adding, "I am proud to welcome
Johansson as KA`s CFO and I am confident that his ability to translate financial
insights into strategies will be valuable for KA's continued success."

"I am honored to be appointed as the new CFO of KA, a company that has a rich
history and values common to my own-quality, innovation, and safety," says
Johansson. "I look forward to working with KA's multicultural global team in
driving transformative change, fostering profitable growth, and strengthening
organizational efficiency at a global scale."

KA thanks Frank Heffter for his contributions to the company and wishes him all
the best.

Media and communications contact:
Therese Sjöborg Skurdal - Director Corporate Communications
therese.skurdal@ka-group.com
+47 982 14 059

Investor Relations contact:
Mads Langaard - Head of Investor Relations
mads.langaard@ka-group.com
+47 905 81 264

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://www.kongsbergautomotive.com/)