KONGSBERG AUTOMOTIVE KOA NON-REGULATORY PRESS RELEASES

Consolidation of China operations: Creating a stronger manufacturing plant and tech center in Wuxi

27. May 2026 kl. 12:00

Kongsberg May 27, 2026: Kongsberg Automotive ASA (KA) today announces the consolidation of its operations in China into its manufacturing plant and technology center in Wuxi, reinforcing its commitment to long-term growth and competitiveness in the region.

Following the acquisition of the remaining ownership in Kongsberg Automotive Morse Shanghai (KAMS) in 2025, KA strengthened its operational flexibility, governance, and strategic control in China. The consolidation represents a natural next step in optimizing the company's footprint and creating a more integrated, scalable platform for future growth.

By bringing its activities together in Wuxi, KA will establish a stronger and more efficient manufacturing and technology hub, enabling:

· Improved cost competitiveness · Enhanced engineering and technical capabilities · Greater operational efficiency and agility · A more robust platform to support customers and capture growth opportunities in the Chinese market

As part of the consolidation, production lines and support functions will be centralized in Wuxi. Operations in Shanghai and Shiyan will be phased out in connection with this transition, with an expected completion date of May 30, 2026. The legal entity KAMS will subsequently be deregistered.

KA will manage the transition in accordance with local regulations and in a responsible manner towards employees and stakeholders.

China remains a key strategic market for KA. With a more focused and competitive setup, the company is well positioned to accelerate innovation, strengthen customer partnerships, and drive sustainable, long-term growth in the region.

Investor relations contact Erik Magelssen - Chief Financial Officer Erik.Magelssen@ka-group.com +47 928 88 728

Media contact Therese Sjöborg Skurdal - Director Group Marketing & Communications 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 more information at: www.kongsbergautomotive.com