Future financing Kongsberg Automotive

Kongsberg, 9 December 2008. Kongsberg Automotive invites to a press conference Wednesday 10 December 2008 at 08.30 Høyres Hus, Stortingsgaten 20 Oslo. CEO Olav Volldal and CFO Trond Stabekk will inform about the financing of the company forward. There will also be given a short update on the ongoing cost reduction programs. The presentation will be broadcasted live on the Kongsberg Automotive internet site (www.kongsbergautomotive.com). ### Kongsberg Automotive is headquartered in Kongsberg, Norway and has more than 50 facilities in 20 countries on all continents. Kongsberg Automotive, with revenues of about EUR1 billion and over 9.500 employees, provides system solutions to vehicle makers around the world. The product portfolio includes gearshift systems, cables for a wide variety of applications, fuel lines, tubing and hoses, couplings, clutch actuation, stabilizing rods, seat heaters, seat ventilation, lumbar supports, head restrains, arm rests, steering columns, pedals, electronics and displays. Find more information at www.kongsbergautomotive.com. ### For further information, please contact: Ronny Lie Director Communication Phone : +4732770511. Mobile : +4791610798 ### This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)