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Regulatory press release

KOA: Kongsberg Automotive wins a contract worth over EUR 32 million in estimated lifetime revenue

Kongsberg Automotive
Zurich, November 23, 2023: Kongsberg Automotive (KA)'s Powertrain & Chassis
business segment was awarded a contract for D600 clutch
servo (https://www.kongsbergautomotive.com/products-services/on
-highway/cabin/clutch-actuation-systems/clutch-servo/) designed by KA for used
in commercial vehicles.

Extensive power is required to activate the clutch in commercial vehicles with
manual transmissions. A clutch servo allows drivers to operate the clutch with
minimal effort. KA's clutch servo proportionally amplifies the pedal force with
the help of air.

Developed by KA's global team of engineers, the clutch servo is suitable for
various transmissions and installations. It provides complete aluminum housing,
is lighter in weight and has better performance. The modular design incorporates
an additional pneumatic valve for various safety features along with a position
sensor that is customized according to need. It has an optimized service ability
and high durability.

KA's Morse Shanghai facility will produce and supply this product to one of the
top three commercial vehicles manufacturer in China. The contract starts in 2025
and will last for seven years.

"KA's D600 clutch servo is the perfect synergy of innovation and efficiency that
is offered in our product line to our customers," says David Redfearn, Chief
Sales Officer, adding, "KA's has developed great customer intimacy, and we will
continue to develop, align, and embed our clutch technology in vehicles for our
key customer in the Chinese market."

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
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