Mandatory Notification of Trade - Primary Insiders

Zurich, August 29, 2023: Carrie Louise Vigen Christoffersen, close associate of
primary insider of Kongsberg Automotive ASA, Arild Vigen Christoffersen, has on
28 August 2023 purchased 54,100 shares in the company at an average purchase
price of NOK 2,23203. Following this transaction, Carrie Louise Vigen
Christoffersen holds 3,800,000 shares in Kongsberg Automotive ASA.

This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities
Trading Act.