STABILISATION AND OVER ALLOTMENT OPTION

Carnegie ASA as stabilization manager has an over-allotment option for 2 175 000 shares. Based on the over allotment option, Carnegie can opt to take measures aimed at stabilizing the Kongsberg Automotive stock in a 30-day period after the first day of trading. The overallotment option comprising 2 175 000 shares has been utilized. A greenshoe option agreement for the same amount of shares has, as described in greater detail in Section 4.10 in the prospectus, been entered into with the selling shareholder. Stabilisation transactions may occur from the opening of trading on Oslo Børs on 24 June until the end of trading on 5 August 2005. For further details, see section 4.10 in the prospectus. Any stabilization activities will be conducted in accordance with the European Standards for Stabilization issued by the Committee of European Securities Regulators in April 2002, and in accordance with Commission Regulation (EC) No 2273/2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilization of financial instruments.