Zurich September 11, 2023: Kongsberg Automotive (KA) was awarded a contract for
a new product-the Dog Clutch Actuator (DCA), designed for a four-speed electric
axle used in heavy-duty trucks. The contract is worth EUR 73.4 million in
estimated lifetime revenue.

The DCA, developed by KA, is designed for gear shifting and de-coupling
applications for multi-speed electric axles for Hybrid, Battery Electric, and
Fuel Cell Electrical Vehicle applications, ranging from passenger cars to heavy
-duty commercial vehicles.

The product has a compact design-it requires less packaging space and offers the
potential to reduce the complexity of transmission systems of electric axles.
With the integrated shift fork and the possibility of providing locking detent
functions in combination with responsive performance, KA plans to take a leading
position in this product market. This eight-year contract is for a leading
global automotive Tier 1 supplier. Production starts in 2023, and KA's Wuxi,
China facility will manufacture and supply this product.

"KA's DCA is a unique product developed especially for electric vehicles and
other applications. This is the first contract for this new product, and we
expect more to come, both with Tier 1 suppliers and directly from the OEMs,"
says Christian Amsel, KA's Chief Technology Officer, and the President of
Powertrain & Chassis business segment, adding, "KA is actively supporting the
transition to sustainable transportation systems in the automotive and
commercial vehicle market. Electrification will reduce the emissions and with
green technology, our ambition is to be second to none in the market segments we
operate in, e.g., actuators like the DCA."

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

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

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