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DISCLOSURE OF LARGE SHAREHOLDINGS

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Following the purchase of 360,000 shares on January 25, 2006, accounts managed by Harris Associates L.P. became the beneficial owner of 4,766,700 shares of Kongsberg Automotive ASA. This represents 10.76% of the company and an increase above the 10% substantial shareholder filing threshold. Percentages are based on 44,493,000 outstanding shares.

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