Kongsberg, December 20, 2024: Kongsberg Automotive (KA) has won a contract
extension worth over EUR 56 million in estimated lifetime revenue for Fluoro
-Comp® (https://www.kongsbergautomotive.com/products-services/passenger
-cars/fluid-transfer/fuel-lines/fluoro-comp/) and stainless-steel braided hoses.

A global Tier 1 automotive supplier awarded this five-year contract renewal.
KA's Suffield, Grand River (USA), and Ramos Arizpe (Mexico) plants will
manufacture and supply these products.

The Fluoro-Comp® hose is a non-metallic reinforced PTFE hose used for multiple
automotive or commercial vehicle applications. It can withstand extreme
temperatures, offers low permeation, and has burn-through resistance to give
users the performance and properties of a PTFE hose, while still maintaining the
forming and routing ease of a nylon or rubber hose.

"We are delighted to extend our partnership with KA's long-standing customer for
these critical products for use on both traditional, hybrid, and electric
vehicles (EVs)," says David Redfearn, KA's Chief Sales officer. "As the
transition to sustainable transportation continues, it is exciting to note that
KA's existing portfolio supports this journey."

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

Investor Relations contact:
investor.relations@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://www.kongsbergautomotive.com/)