KONGSBERG AUTOMOTIVE GROUP                                                                           Interim report 3rd quarter 2011

(The report is based on IFRS)

Highlights Q3 2011

        Revenues in Q3 ended at MEUR 229.6 up 9% YoY

        Kongsberg Automotive’s revenue growth continues to be stronger than the market volumes

        EBITDA in Q3 at MEUR 15.4 (6.6%) representing a 20.3 % growth versus same period last year

        Q3 includes restructuring cost of MEUR 1.3

        Net profit year to date more than doubled versus same period 2010

        Revenue expectation for the year MEUR 1000 and EBITDA for the year expected between MEUR 85-90

        Continue to secure important global contracts

For further information, please contact:

Hans Peter Havdal CEO | Phone 47 920 65 690 | e-mail hans.havdal@ka-group.com

Trond Stabekk CFO | Phone 47 982 14 054|e-mail trond.stabekk@ka-group.com

Kongsberg Automotive is headquartered in Kongsberg, Norway and has 48 facilities in 20 countries. Kongsberg Automotive, with more than 10.000 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 restraints, arm rests, steering columns, pedals, electronics and displays. Find more information at www.kongsbergautomotive.com.

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