CODE OF CONDUCT

Kongsberg Automotive’s commitment to operate in a manner that is ethical and trustworthy has been resolute throughout the company’s history. As result, Kongsberg Automotive enjoys open and trustworthy relationships with its employees, suppliers, customers, communities and investors.

Because we value our reputation as a dependable and preferred business partner, our employees are actively engaged in preserving KA’s reputation and protecting its market position by maintaining the highest standards of ethical behavior.

Our Code of Conduct (the “Code”) defines expectations for our organization and our employees’ ethical behavior. The main objective of the Code is to provide guidelines to ensure that our employees conduct activities in compliance with applicable laws and ethical standards expected from a top tier automotive supplier. All Kongsberg Automotive companies, employees and partners must follow this Code and it requires:

• Professional behavior towards colleagues, business associates and others
• Honest and ethical conduct
• Free competition and fair dealings
• Zero tolerance for corruption & bribery
• Protection of confidential and proprietary information belonging to Kongsberg Automotive, our customers, and our suppliers
• Compliance with all applicable government laws, rules, and regulations
• Correct and accurate documentation and records
• Reporting of potential violations

Across all levels of the organization, we provide awareness training on core issues related to ethics and compliance. Based on individuals’ roles and the risks associated with their job responsibilities, KA provides in-person training on topics such as antitrust laws, trade laws, intellectual property protection and corruption in business and incorporates case studies to help employees recognize ethics related situations. Additionally, the Code is made available to all KA employees in their local language.