KONGSBERG AUTOMOTIVE WINS STRATEGIC IMPORTANT CONTRACT VALUED AT 25 MEUR

KONGSBERG AUTOMOTIVE WINS STRATEGIC IMPORTANT CONTRACT VALUED AT 25 MEUR Kongsberg Automotive (KA) has been awarded the air brake and air suspension interface business for a global heavy truck manufacturer. The planned volume for the new business is 600.000 units per year, with 4-8 interfaces pr. vehicle depending on the complexity of the truck. The value of the contract is estimated to be EUR 25 million or approximately NOK 215 million. Start of production is set to 2011 and the contract will run for 7 years. Last year, KA launched a new couplings program for compressed air distribution for the global truck industry. The program consists mainly of composite material which offers reduced weight, innovative and flexible technical solutions and more efficient assembly at truck manufacturers. The interfaces are a further development into the air brake and air suspension system of the truck, which allows KA to take a larger responsibility of the design of the vehicles compressed air system. The average weight reduction is 50% compared to current solutions, hence it will also have a positive impact on the trucks fuel consumption. The flexibility in the design of the interfaces has lead to multifunctional technical solutions and thus reduced the assembly time and total installed cost on the truck. "It is our strategy to take more responsibility of the products and systems we are delivering to our customers by introducing new, innovative technical solutions, says Håkon Amundsen, Vice President Sales & Marketing. This award comes as a direct result of this approach. The new interfaces we are offering provide preassembled solutions which reduce the number of components and thus the complexity of truck assembly at our customers. This is exactly what the customers are looking for". For further information, please contact: Håkon Amundsen, Vice President, Commercial Vehicle Systems (see picture attached) Ph: +47 61 15 24 44 / +47 900 49 035 e-mail: hakon.amundsen@ka-group.com Ronny Lie, Director, Corporate Communication Ph: +47 32 77 05 11 / +47 916 10 798 e-mail: ronny.lie@ka-group.com

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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 approx. EUR 1.0 billion and 10.000 employees in 18 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Zürich, Switzerland 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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