KONGSBERG AUTOMOTIVE GROUP Interim report 1st quarter 2011 (The report is based on IFRS)

Highlights Q1 2011

Revenues in Q1 ended at MEUR 267.4 up 35% YoY

Kongsberg Automotive’s revenue growth continue to be stronger than the growth in the global vehicle production volumes

EBITDA in Q1 2011 at MEUR 29.8 (11.1%) versus MEUR 13.3 (6.7%) in Q1 2010

Strong quarter with double digit EBITDA margin in line with the roadmap presented in February

Net profit improved from break even Q1 2010 to MEUR 14.3 in Q1 2011

Launch of a Joint Venture with QRTECH AB within hybrid and electric drivelines

Revenue expectation for Q2 MEUR 260

Trond Stabekk, CFO

Phone: 4732770501. Mobile: 4798214054

Philippe Toth , Director, M & A / Investor Relations

Phone: 4732770503. Mobile: 4798214021

Kongsberg Automotive is headquartered in Kongsberg, Norway and has 48 facilities in 20 countries. Kongsberg Automotive, with more than 10.000 employees, provides system solutions to vehicle makers around the world. The product portfolio includes gearshift systems, cables for a wide variety of applications, fuel lines, tubing and hoses, couplings, clutch actuation, stabilizing rods, seat heaters, seat ventilation, lumbar supports, head restrains, arm rests, steering columns, pedals, electronics and displays. Find more information at www.kongsbergautomotive.com .

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About Us

Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable. With revenues of EUR 1.0 billion and 10.000 employees in 18 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Kongsberg, Norway and has 30 production facilities worldwide. The product portfolio includes seat comfort systems, powertrain control systems and advanced fluid handling systems developed for global vehicle manufacturers. Find more information at www.kongsbergautomotive.com

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