Kongsberg Automotive Holding ASA - Interim report Q1 2009

Key points - Strong performance in weak market - Strongly improved liquidity situation - Positive cash flow from operations - Divesture of Aviation business closed - Committed loan facility from Innovation Norway - EBITDA maintained at 4th quarter level despite MEUR 36 lower revenues - Continue to win orders in a difficult market based on R&D and marketing efforts - Significantly reduced cost level - continuous focus on further reductions For more details see enclosed interim report. Presentation will be held 29th of April at 0830 CET at Hotel Continental, Oslo. The presentation can be viewed via webcast on the company's web page www.kongsbergautomotive.com. For further information CEO Olav Volldal, tlf +47 982 14 014 CFO Trond Stabekk, tlf +47 982 14 054