EXTRAORDINARY GENERAL MEETING HELD IN KONGSBERG AUTOMOTIVE HOLDING ASA

It was today, 3. December held an extraordinary General Meeting in Kongsberg Automotive Holding ASA. The Board of Directors was in accordance with the proposed resolution granted the authority to carry out a rights issue in the amount up to NOK 700 million. The authority is effective until the holding of the ordinary General Meeting in 2008, but in no event longer than to 30 June 2008. The acquisition of Global Motion Systems is 100% financed until 30. June 2008. With the approval of the authority to do a rights issue given in the Extraordinary General Meeting today, the Board of Directors have the financial flexibility it wants. In accordance with the Nomination committees recommendation for changes in the Board of Directors, Curt Germundsson will take the position as Chairman of the Board, succeeding Frode Strand- Nielsen which retire from the Board, while Bente Rathe take the position as Deputy Chairman. Dr. Jürgen Harnisch was elected as a new member of the Board. A resolution for a new option program was proposed for the General Meeting. The resolution was approved in accordance with the resolution. Kongsberg, 3. December 2007 Trond Stabekk CFO, Kongsberg Automotive Holding ASA