Kongsberg Automotive Holding ASA (OSL:KOA) Kongsberg Automotive Wins Important Contract To The Russian Market

Kongsberg Automotive Holding ASA (OSL:KOA) Kongsberg, 8 December 2008.

Kongsberg Automotive (KA) has booked an order valued at MEUR 4,3 (40 MNOK). The new business includes delivery of Seat Heat to the Russian market, where a German automaker is preparing the launch of a small sized car.

"The customer is one of Europe's leading carmakers and this contract represents a door-opener to the emerging Russian automotive market", says Hans Peter Havdal, President of Automotive Systems at KA. "Further, this contract is the first ever to this particular carmaker, and we expect new business opportunities to follow as a result of this award", he concludes.

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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 9.500 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. Find more information at www.kongsbergautomotive.com.

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For further information, please contact: Hans Peter Havdal President, Automotive Systems Phone:+4732770520. Mobile:+ 4792065690

Ronny Lie Director Communication Phone : +4732770511. Mobile : +4791610798

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This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Kongsberg Automotive Holding ASA

http://www.kongsbergautomotive.com

ISIN: NO0003033102

Stock Identifier: XOSL.KOA