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SUCCESSFUL PLACING OF SECONDARY SHARES IN KONGSBERG AUTOMOTIVE HOLDING ASA

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After close of market on Wednesday 23 May, FSN Capital Limited Partner I and FSN Capital Holding Limited (together `FSN`) conducted a secondary placing of 8,774,847 shares in Kongsberg Automotive Holding ASA (`KOA`), representing 19.79 per cent of the shares and votes of the company. The price was set at NOK 52 per share. After the placing, FSN owns no shares in KOA. In connection with the sale, KOA has confirmed that FSN does not have any insider information in the company. Carnegie ASA acted as sole bookrunner in the secondary placing

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