Kongsberg Automotive Holding ASA - Interim report 4th Quarter 2008

Key points • Weak market and temporary customer shutdowns affecting top-line • Revenues Q4 2008 MEUR 179,6 ◦Adjusted for negative currency effects of MEUR 2,0 revenues are down MEUR 71,7 (28,3 %) compared to Q4 2007 PF •EBITDA Q4 2008 MEUR - 8,6 (margin -6,6 %) ◦Adjusted for restructuring costs (MEUR 3,3) and year end adjustments (MEUR 1,7) the EBITDA is at MEUR - 3,6 •Impairment loss of MEUR 4,5 booked in the 4th quarter •Aggressive actions implemented to reduce cost level •Significant reduction in working capital of MEUR 40 during 4th quarter •Positive solution with the Banks on the financing situation as presented on the 10th of December •No signs of short term upswing in our main markets For further information CEO Olav Volldal, tlf +47 982 14 014 CFO Trond Stabekk, tlf +47 982 14 054