Reference is made to the stock exchange announcement by Kongsberg Automotive ASA
(the "Company") on 15 June 2020 regarding resolutions by an extraordinary
general meeting in the Company to, inter alia, (i) decrease the Company's share
capital by decrease of the nominal value of the Company's shares from NOK 0.50
to NOK 0.10 (the "Share Capital Decrease") and (ii) to carry out a share capital
increase of NOK 700,000,000 by issuance of 7,000,000,000 new shares, each with a
nominal value of NOK 0.10, in a private placement (the "Private Placement"). 

The Share Capital Decrease and the share capital increase relating to the
Private Placement has now been registered with the Norwegian Register of
Business Enterprises. Following this, the Company's new registered share capital
is NOK 744,799,101.20 divided into 7,447,991,012 shares, each with a nominal
value of NOK 0.10.

The Private Placement is divided into two tranches, where 89,052,133 of the new
shares (the "Tranche 1 Private Placement Shares") will be listed and tradeable
on the Oslo Stock Exchange immediately, while the remaining 6,910,947,867 new
shares (the "Tranche 2 Private Placement Shares") will not be listed or tradable
on the Oslo Stock Exchange until publication of a listing prospectus. Pending
publication of the prospectus, the Company has applied for temporary admission
to trading of the Tranche 2 Private Placement Shares on Merkur Market under an
ISIN separate from the Company's other shares, with the expected first day of
trading on or about 17 June 2020.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

For further information, please contact: 
Jon Munthe: Jon.Munthe@ka-group.com +47 901 14 582 
About Kongsberg Automotive: 
Kongsberg Automotive provides world-class products to the global vehicle
industry. Kongsberg Automotive's business has a global presence with revenues of
more than EUR 1.1 billion and approximately 11,000 employees in 19 countries in
2019. The parent company is based in Norway and our stock is publicly traded on
the Oslo stock Exchange.