Kongsberg Automotive Holding ASA (OSL:KOA) Kongsberg Automotive Receives MNOK 70 Order In The South American Truck Market

Kongsberg Automotive Holding ASA (OSL:KOA) Kongsberg, 15 December 2008.

Kongsberg Automotive (KA) has won further new gearshift business with a leading truck manufacturer in South America, valued at MEUR 7,5 / MNOK 70. Contract term is 5 years, starting with initial deliveries from the company's Jundiai facility in Brazil already in 2009.

"This is a strategically important contract with one of the key players in the emerging South American market for commercial vehicles", says Bård Klungseth, President of Actuation Systems at KA. "The award confirms our competitiveness within the gearshift product segment, all thanks to our unique solutions, superior performance and competitive costs. KA has now a leading position as supplier of gearshift systems to commercial vehicles in the South American market".

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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 MORE INFORMATION, CONTACT:

Bård Klungseth, President - Actuation Systems Phone:+ 47 32 77 05 00 / Mobile:+47 93 03 78 58

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