KONGSBERG AUTOMOTIVE HOLDING ASA BUYBACK OF SHARES

On August 7, KONGSBERG AUTOMOTIVE HOLDING ASA (`KOA`) purchased 45,000 shares at an average price of NOK 49.50 per share. After this transaction KOA holds 1,000,000 own shares. On August 7, KONGSBERG AUTOMOTIVE HOLDING ASA (`KOA`) purchased 45,000 shares at an average price of NOK 49.50 per share. After this transaction KOA holds 1,000,000 own shares. The transaction is part of a buyback program, which opens for buyback of up to 10% of KOA`s shares (4,429,277) in the market, and which is valid until the company`s ordinary Annual General Meeting in 2007, or up to and including 30 June 2007 at the latest. From the decision by the Annual General Meeting, it is stated that the company requires effective equity instruments, including the possibility to call in and disburse capital through the authorisations for increasing share capital and acquiring treasury shares. Treasury shares would furthermore be expedient in the event of any acquisition where settlement takes place wholly or partially in the form of KOA shares. Any further buyback transactions under this program will be disclosed at the Oslo Stock Exchange. For further information please contact: Olav Volldal, CEO (+47 982 14 014) or Trond Stabekk, CFO (+47 982 14 054) Kongsberg, 7 August 2006