Kongsberg Automotive successfully places €275 million senior secured bond

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Kongsberg, Norway — July 12, 2018 - Kongsberg Actuation Systems B.V., an indirect wholly owned subsidiary of Kongsberg Automotive ASA, successfully placed €275 million senior secured notes in the international capital market today. The notes have a term of seven years (until 2025) and a yield of 5.0% p.a.

The notes are governed by New York law (144A/Reg S) and are expected to be listed on The International Stock Exchange in the Channel Islands. The gross proceeds from the notes will be used for the refinancing of the existing U.S. dollar 172 million and €182 million revolving credit facilities of Kongsberg Automotive ASA, for general corporate purposes and to pay fees and expenses in connection with offering and the entry into a new €50 million revolving credit facility.

Standard & Poor’s and Moody’s rate the notes with BB- and Ba3, respectively.

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The securities to be issued in a debt capital market transaction (the “Securities”) have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. The Company does not intend to register any part of the Securities in the United States or to conduct a public offering of Securities in the United States.

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