Kongsberg, March 31, 2024: Kongsberg Automotive (KA) has secured an extension of
the air brake fittings (KA Raufoss ABCT
System (https://www.kongsbergautomotive.com/products-services/raufoss
-couplings/)) contract worth over EUR 58 million in estimated lifetime revenue.

The four-and-a-half-year contract, which starts in April 2025, is for the KA
Raufoss ABCT System. The lightweight, durable, and eco-friendly system from KA
offers optimized safety, quick assembly, and global compatibility, designed to
protect the brake system while reducing costs and environmental impact.

The extension was awarded by a leading manufacturer of trucks and buses for
heavy transport applications. KA's Raufoss plant in Norway will produce and
supply the product.
"We are delighted to continue our partnership with this important global
customer. It highlights the faith our partners have in our people and products,"
says David Redfearn, KA's Chief Sales Officer, adding, "The KA Raufoss ABCT
System allows our customers to design their brake system most efficiently,
reducing part numbers and total weight while ensuring the class leading
performance benefits that our products provide."

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 (http://www.kongsbergautomotive.com)