Kongsberg Automotive receives MNOK 370 order from major producer of heavy trucks

Kongsberg, 14 March 2008. A major producer of heavy trucks has chosen Kongsberg Automotive to supply a safety product related to the rear axle suspension of their trucks. The contract term is 4.5 years, and deliveries are expected to start early next year. The main part of the production will take place at Rollag, Norway, and the agreement will contribute to safeguard local workplaces for a long period of time. The order value is estimated to be NOK 370 millions. "This is the second largest contract Kongsberg Automotive has landed in this segment. The contract marks the conclusion of 3 years with development and testing, and proves our ability to develop unique and cost efficient solutions. The customer is one of the largest producers of heavy trucks in the world, and with this agreement, our company has laid the foundation for sustained growth in the commercial vehicle market for many years to come" remarks Bård Klungseth, President for Actuation Systems at Kongsberg Automotive. **** 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 Phone:+ 4732770500 / Mobile:+4793037858 ## This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)