Kongsberg Automotive Holding ASA has successfully completed book building for Private Placement of MNOK 550

The board of directors of Kongsberg Automotive Holding ASA (`KOA`) proposes that the share capital is increased by an issue of 20,370,000 new shares at NOK 27 per share, securing MNOK 550 in gross proceeds for repayment of debt acquired in connection with the purchase of GMS in 2007. The private placement has been fully subscribed by a consortium of larger shareholders and new investors. The board also propose that the private placement is followed up by a repair issue where shareholders not invited to take part in the private placement are offered to subscribe for in total up to 2,777,777 shares at NOK 27 per share (total proceeds up to MNOK 75). The private placement is conditioned upon approval by an extraordinary general meeting scheduled for 2 May 2008. The notice for this general meeting is enclosed. * Carnegie ASA and SEB Enskilda have acted as joint managers for the placement. Kongsberg, 16 April 2008 FOR MORE INFORMATION, CONTACT: Trond Stabekk, CFO Phone:+ 4732770500 / Mobile:+4798214054