Following the successful divestments of Interior Comfort Systems and Light Duty Cables, and a thorough assessment of expected market conditions, the Board has resolved to initiate the previously announced share repurchase program.

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR OTHER MEASURES.

Zurich, May 12, 2022: The Board of Directors of Kongsberg Automotive ASA (“Kongsberg Automotive” or “the Company”) has resolved to initiate the share repurchase program that was announced at the capital markets day in December 2021:

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


Investor relations:
Jakob Bronebakk
jakob.bronebakk@ka-group.com
+47 906 39 637

Media contact:
Therese Sjoborg Skurdal
therese.skurdal@ka-group.com
+47 982 14 059



About Kongsberg Automotive ASA
Kongsberg Automotive provides cutting-edge technology to the global vehicle industry. We drive the global transition to sustainable mobility by putting engineering, sustainability, and innovation into practice. Our product portfolio includes driver and motion control systems, fluid assemblies, and industrial driver interface products. Find out more at www.kongsbergautomotive.com