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Regulatory press release

KOA: Kongsberg Automotive successfully completes the purchase of Skriverform

Kongsberg Automotive
Zurich, November 29, 2023: Kongsberg Automotive AS (KA) has completed the
purchase of 100 percent of the share capital of Skriverform AS and will thus
take over the ownership of the company. The two parties entered into an
agreement as announced (https://www.kongsbergautomotive.com/media-news/press
-releases/2023/kongsberg-automotive-acquires-skriverform-a-leading-norwegian
-manufacturer-of-tools-for-injection-molding/) on November 9, 2023.

Skriverform designs and manufactures tools for injection molding (IM).

"The successful completion of this purchase fulfills our strategic plan to
achieve vertical integration, enhance efficiency, and build further in-house
knowledge of injection molding tooling, production, maintenance, and other
capabilities," says Linda Nyquist-Evenrud, KA's interim President & CEO adding,
"I extend a warm welcome to the new members of KA, who are world-class experts
in IM tooling."

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

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

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
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