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Regulatory press release

KOA: Notification of major shareholding

Kongsberg Automotive
Arne Fredly, together with his affiliated accounts (together, the "Group"), has
today, 5 September 2024, acquired 142,350,000 shares in Kongsberg Automotive ASA
("Kongsberg Automotive"), whereas 114,171,000 (approx. 12%) shares and votes are
held by Apollo Asset Limited while the remaining exposure of 28,179,000 shares
(approx. 2.96%) is through a certain unit link portfolio without voting rights.
Following today's acquisition, the Group has a consolidated holding of
142,350,000 (approx. 14,96%) shares and 114,171,000 (approx. 12%) votes in
Kongsberg Automotive and has thereby crossed the notifiable 10% threshold.

This notification is made pursuant to sections 4-2 and 4-3 of the Norwegian
Securities Trading Act.
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