DISCLOSURE OF LARGE SHAREHOLDINGS

Pursuant to the Securities Trading Act of 19 June 1997 No 79 of our interest in investment holdings in the ordinary share capital of Kongsberg Automotive ASA. Following the sale of 184,100 shares on October 31, 2007, account managed by Harris Associates L.P. became the beneficial owner of 4,417,049 shares of Kongsberg Automotive ASA. This represents 9,96 % of the company and a decrease below the 10 % substantial shareholder filing threshold. The following is a breakdown as of October 31, 2007: Account Name Shares Owned %of Company Account #1 2,796,124 6.30% Account #2 842,625 1.90% Account #3 544,100 1.23% Account #4 144,500 0.33% Account #5 89,700 0,20% ----------------------- 4,417,049 9,96% Percentage are based on 44,349,000 outstanding shares. All holdings of Kongsberg Automotive ASA are investment purposes only.