Large Shareholder Report - Kongsberg Automotive

Please accept this notice that on October 20, 2008, Columbia Wanger Asset Management L.P. (Wanger) sold on behalf of advised clients, shares in the above menitoned issuer listed on the oslo Bors, which caused Wanger`s aggregate interest (for advised clients) in KA to fall below 5%. Wanger is a subsidiary of Bank of America Corp. Wanger is registered as an investment adviser with the United States Securities and Exchange Commission (the `SEC`). Wanger`s services include advising or sub-advising SEC registered mutual fund portfolios, other investment funds and separate accounts for institutional clients. When providing these investment services for clients, Wanger does not invest with intent to control any issuer. Wanger hereby reports: 1. On October 20,2008 at 10.30am CST, Wanger sold 244,000 shares of KA (of which 6,300 were non- voting shares); 2. The disposal brought Wanger`s aggregate position in respect of advised clients down to 3,163,750 commom shares (of which 3,081,400 voting shares); 3. All shares are beneficially owned by holders of interests of accounts advised by Wanger; 4. We understand that KA`s registered share capital is 65,100,000 shares. The October 20,2008 sale decreased Wanger`s aggregate interest for advised clients to 4.86% (4.73% in voting shares) from 5.26% (5.10% in voting shares); and 5. Wanger does not have any ohter intersts or rights to acquire interests in KA other than as set forht herein.

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 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