Reference is made to the resolution by the Annual General Meeting of Kongsberg
Automotive ASA (the "KOA") 6 June 2023 to reduce the share capital of KOA by NOK
103,437,513, by cancellation of 103,437,513 treasury shares that each have a
nominal value of NOK 1 (the "Capital Reduction").
As a consequence of the Capital Reduction, Teleios Global Opportunities Master
Fund, Ltd., managed by Teleios Capital Partners LLC ("Teleios"), has passively
exceeded the 25% threshold pursuant to section 4-4 (5) cf. section 4-2 of the
Norwegian Securities Trading Act.
Consequently, following the Capital Reduction, Teleios controls through Teleios
Global Opportunities Master Fund, Ltd. 251,887,884 shares and votes in KOA,
corresponding to 26.47% of the issued share capital in KOA.
This information is subject to the disclosure requirements in section 4-4 (5)
cf. section 4-2 of the Norwegian Securities Trading Act.