Changes to corporate management team

Kongsberg Gruppen ASA makes management changes from year end.

Hege Skryseth will be appointed new member of the corporate management team responsible for strategic skills and talent development and strategic marketing/communications. Skryseth previously worked as CEO of Microsoft Norway and began her work at KONGSBERG during the autumn of 2013. She brings extensive international experience and holds more than 10 years of experience from executive management level within the IT industry.

- KONGSBERG continuously increases its international presence and as a knowledge based group. We look forward to utilizing Hege’s extensive knowledge and international experience in our team in areas important to our further development, CEO Walter Qvam says.

In addition the following adjustments will be made concerning the corporate management team:
Johnny Løcka will take on a new role for the group’s property portfolio, industry and government relations in the Kongsberg region and emergency preparedness and security. In addition to her present role as Corporate Compliance Officer, Lene Svenne will also take on the responsibility of corporate risk management.

For futher information, please contact:
Ronny Lie, Vice President, Corporate Communication, Kongsberg Gruppen, +47 916 10 798

KONGSBERG (OSE ticker: KOG) is an international, knowledge-based corporation that supplies high-technology systems and solutions to customers in the oil and gas industry, the merchant marine, and the defence and aerospace industries. KONGSBERG has about 7 400 employees in more than 25 countries and its operating revenues totalled NOK 15.7 billion in 2012.

This information is subject to disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act.