Kongsberg Automotive Holding ASA - 1st quarter 2008

Revenue growth of 150% As a consequence of the acquisition of GMS Kongsberg Automotive increased its revenue to MEUR 262,3 from MEUR 105,1 in comparable period 2007. The first quarter is influenced by negative currency effects and a declining North American market. EBITDA in first quarter 2008 was MEUR 25,4 versus MEUR 12,7 in same period 2007. Net profit for quarter one was for 2008 7,1 MEUR versus MEUR 6,0 first quarter previous year. For more details see enclosed quarterly report. Press conference will be held on 30th of April at 1400 CET at Høyres Hus, Stortingsgt 20, Oslo. The presentation can be viewed via webcast on the companies web pages www.kongsbergautomotive.com where the presentationmaterial will be published. Kongsberg 30.04.2008 Board of Directors of Kongsberg Automotive Holding ASA For further information CEO Olav Volldal, tlf +47 982 14 014 CFO Trond Stabekk, tlf +47 982 14 054 This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)