KONGSBERG AUTOMOTIVE IS PLEASED TO INVITE INVESTORS, ANALYSTS, AND MEMBERS OF
THE PRESS TO ITS CAPITAL MARKETS DAY TO BE HELD ON DECEMBER 9TH, 2021 FROM 1230
HRS. TO 1630 HRS. CEST. A TOUR OF THE COMPANY'S KONGSBERG TECHNOLOGY CENTRE IS
ALSO AVAILABLE TO A LIMITED NUMBER OF GUESTS, FROM 0830 TO 1230 INCLUDING
TRANSPORT TO AND FROM THE VENUE.

The event will be focused on the company's Shift Gear program of performance
improvement and portfolio modernization, with presenters from senior management
including CEO Joerg Buchheim and CTO Christian Amsel.

The day will be divided into two separate events: a tour of the Kongsberg
Automotive technology center in Kongsberg, and presentations to be held at
Bjørvika Konferansesenter, Oslo. The session in Oslo will be webcast.

Due to social distancing requirements, the number of places available for in
-person attendance of the technology center tour is limited. Attendance for this
and the presentations in Oslo can be booked by emailing investor.relations@ka
-group.com (investor.relations@ka
-group.com?subject=I%20would%20like%20to%20attend%20the%20Kongsberg%20Automotive
%
20Capital%20Markets%20Day) in advance. The webcast will be available at the
following link: Capital Markets
Day (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20211209_1).

THE PROGRAM IS AS FOLLOWS:

> (Optional) Tour of Kongsberg tech facility (CTO Christian Amsel and Head of
R&D Ivar Haug)
> Kongsberg Automotive today & tomorrow - Update on the SHIFT GEAR (KA
Transformation) program (CEO Joerg Buchheim)
> Transformation of the automotive sector - Technical Trends and Opportunities
(CTO Christian Amsel)
> Financial priorities for 2022 and onwards (CFO Frank Heffter)


There will be two Q&A sessions, after the end of the facility tour and at the
end of the day. Questions can be submitted online, in advance by email to
investor.relations@ka-group.comor during the presentations. The recorded webcast
will be available online shortly after the event at:
https://www.kongsbergautomotive.com/investor-relations/

Presenter biographies:

Joerg Buchheim, Chief Executive Officer, has more than 20 years of international
executive leadership experience in the automotive supply industry. In his
previous positions, he successfully shaped a profitable growth path as President
and CEO for the automotive roof specialist Inalfa Roof Systems. He also played a
pivotal role in profitably growing the Chinese market as President and CEO of
HELLA, a leading Tier 1 lighting and electronics company.

Frank Heffter, Chief Financial Officer, recently joined Kongsberg Automotive
from OC Oerlikon Corporation, where he was the Head of Group Controlling. He
brings over two decades of experience in the energy, automotive, aerospace,
mechanical engineering, and healthcare industries. Frank has worked at a number
of globally leading companies, including Siemens and McKesson Europe (formerly
Celesio). Frank holds a master's degree in Industrial Engineering and Management
from the Technical University of Berlin.

Christian Amsel, Chief Technology Officer, recently joined Kongsberg Automotive
from Inalfa Roof Systems Group, where he served as CTO and CEO Europe. He has
over two decades of experience in research and development of automotive
products, including driver assistance radar systems and energy management for
electric and hybrid vehicles. He studied electrical engineering at the Technical
University of Aachen (RWTH Aachen) and received his Doctor of Engineering degree
at the Institute for Automotive Engineering (ika).

Ivar Cedervall Haug, Vice President of R&D Powertrain & Chassis, has been in KA
since 1994 in various positions within research and development. Main
developments have been within the Powertrain and Transmissions area for both
passenger cars and commercial vehicles in addition to vehicle dynamics and off
highway responsibilities. He studied mechanical engineering 3 years in Oslo and
then 2,5 years at NTH in Trondheim to get his Master of Science degree.

For more information, please contact:

Jakob Bronebakk, Investor Relations Manager - Jakob.bronebakk@ka-group.com / +47
90639637

Therese Sjoborg Skurdal, Communications Director - therese.skurdal@ka
-group.com ( therese.skurdal@ka-group.com) / +47 982 14 059

About Kongsberg Automotive ASA

Kongsberg Automotive provides world-class products to the global vehicle
industry. Our products enhance the driving experience, making it safer, more
comfortable, and sustainable. With approximately 11,000 employees in 19
countries, Kongsberg Automotive is truly a global supplier. The company has more
than 27 production facilities worldwide. The product portfolio includes seat
comfort systems, driver and motion control systems, fluid assemblies, and
industrial driver interface products developed for global vehicle
manufacturers.

Find more information at www.kongsbergautomotive.com.