Notification to Oslo Stock Exchange

Kongsberg Automotive ASA has today held its 2019 Annual General Meeting.

Emese Weissenbacher, Gerard Cordonnier and Peter Schmitt were elected as new
board directors. Ellen M. Hanetho and Firas Abi-Nassif were re-elected for a new
period.

The AGM granted an authorization to the Board of Directors to purchase own
shares with a total value equal to 10% of the share capital.

The AGM further granted an authorization to the Board of Directors to increase
the company's share capital by up to NOK 22.372.247.