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Disclosure of large shareholdings

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Notification by The Baupost Group, L.L.C. (`Baupost`) of a purchase or sale requiring notification under Section 3-2 of the Act. Name of Company: Kongsberg Automotive ASA Transaction Date: November 10, 2008 Original Holding: 4,688,040 Number of Shares Purchased: 0 Number of Shares Sold: (1,473,600) Total Number of Shares: 3,214,440 Current ownership percentage: 4.93% Treshold Crossed: 5.00%

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