Exercise of employee share options in Kongsberg Automotive ASA

1. Out of a total of 11,057,173 exercisable options, employees in Kongsberg Automotive Group have exercised 2.499.843 options. Each share option corresponds to one share. The underlying shares have been provided by sale of the Company’s holding of treasury shares. Subsequent to the transaction Kongsberg Automotive ASA holds 3.368.420 own shares. There will be no share capital increase due to the exercise of share options.
2. Options exercised by primary insiders 16 September 2014

The primary insiders mentioned below have exercised the following number of options in the Company, each option corresponding to one share, at the indicated strike price:

3.Transfer of rights

On 16 September 2014, the primary insiders mentioned below transferred their rights to receive shares resulting from the exercise of options to a third party.

The sales amount will be finally determined on the basis of the price subsequently obtained by the third party when selling the shares in the market. Still, primary insiders cannot be held liable for losses incurred by the third party if the shares are later sold below the strike price. Final compensation for the transferred rights will be reported to Oslo Børs when known.

Hans Peter Havdal

          Trond Stabekk

          Jon Munthe

Philippe Toth

4. New holding

After exercising options, the primary insiders mentioned in paragraph 2 hold the following number of unexercised options in the Company, each option corresponding to one share, at the indicated strike price:

After completion of the above mentioned transactions, the primary insiders hold the following number of shares in the Company:

Hans Peter Havdal              447.025

Trond Stabekk                   138.080

Jon Munthe                         24.582

Philippe Toth                       48.680