As announced on November 7, 2023 Kongsberg Automotive ASA (KA) has put in place
a non-discretionary agreement with Danske Bank for the repurchase of up to 2.5%
of its outstanding shares in the market. The share repurchases started on
November 17, 2023.

Date                  Aggregated Daily  Weighted       Total
                      Volume (# of      Average Price  Transaction
                      Shares)           (NOK)          Value(NOK)
January 9, 2024       300,000           1.96           587,580
January 10, 2024      300,000           1.93           580,710
January 11, 2024      300,000           1.92           576,720
January 12, 2024      300,000           1.91           574,020
January 15, 2024      300,000           1.85           552,720
Total Purchased       1,500,000         1.91           2,871,750
under the Program
(between January 9,
2024 and January 15,
2024)
Total Purchased       11,700,000        1.99           23,377,800
under the Program
(as of
January 15, 2024)

See the attached document for information about the individual transaction made
under the buy-back program.

For further information regarding the share buy-back program, please see the
stock exchange notification published on November 15, 2023.
The buyback program is carried out in accordance with the Market Abuse
Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No
2016/1052 (Safe Harbor Regulation).

After the above-mentioned transactions KA owns a total of 11,700,000 own shares,
corresponding to 1.23% of KA's share capital.

As communicated November 15, KA will publicly announce information about the
transactions relating to the buy-back program, in a detailed form and in an
aggregated form, no later than by the end of the seventh trading day following
the date of the execution of such transactions. The aggregated form will
indicate the aggregated volume and the weighted average price per day and per
trading venue. The information will also be posted on the KA's website. The next
announcement will be made after the trading day of January 22.

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 (https://www.kongsbergautomotive.com/)