POSTPONEMENT OF THE EXTRAORDINARY GENERAL MEETING

The Board of Directors (BoD) of Kongsberg Automotive Holding ASA (`KOA`) has decided to postpone the Extraordinary General Meeting (`EGM`) planned to be held 29 October 2007. New date will be 3 December 2007 at 08.00 and the meeting will take place in Oslo. There two main reasons for the decision are; 1. Some shareholders have requested more information related to the acquisition of GMS to be available prior to the scheduled EGM, where the shareholders have been asked to authorize the Board to conduct a potential share issue of up to NOK 700 million. KOA is currently preparing an Information Memorandum to be published in accordance with the regulations of Oslo Stock Exchange (OSE) no later than 20 working days after the announcement (ie. by 12 November 2007). 2. The Election Committee has proposed to elect the Deputy Chairman Curt Germundsson as new Chairman following the planned withdrawal from the Board of the current Chairman Mr. Frode Strand- Nielsen after FSN-Capital sold its ownership stake in KOA in June 2007. Furthermore, The Election Committee has also presented a new candidate for the Board to fill the vacant board position, and it would be practical to combine these elections with the proposed authorization to the BoD for a new share issue. A formal notice to the EGM will be published no later than 19 November. Kongsberg 24 October 2007 The Board of Directors of Kongsberg Automotive Holding ASA