Kongsberg Automotive Holding ASA - Kongsberg Automotive receives MNOK 200 order from major producer of heavy trucks

Kongsberg, 9 May 2008. A global producer of heavy trucks has chosen Kongsberg Automotive as the developer and supplier of their next generation of Gear Lever Units. The contract term is 5 years, and deliveries are expected to start in 2011. The order value is estimated to be NOK 200 millions. "This is a major achievement for us", says Bård Klungseth, President for Actuation Systems at Kongsberg Automotive. "The global truck market is getting increasingly competitive and technically advanced. With this contract, we prove once again that we are able to develop and deliver world class products to the leading truck manufactures. This award will not only serve the needs of our valued customer but also have a significant impact on our future growth opportunities in the global commercial vehicle market", he remarks. **** 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 11,000 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 restrains, arm rests, steering columns, pedals, electronics and displays. For more information, visit www.kongsbergautomotive.com **** FOR MORE INFORMATION, CONTACT: Bård Klungseth, President - Actuation Systems Phone:+ 47 32 77 05 00 / Mobile:+47 93 03 78 58 Ronny Lie, Director Communication Phone: +47 32 77 05 11 / Mobile: +47 91 61 07 98 This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)