Kongsberg Automotive Holding ASA (OSL:KOA) - MEUR 5,9 (MNOK 49,5) Order On Arm Rests To Kongsberg Automotive

Kongsberg Automotive Holding ASA (OSL:KOA) Kongsberg, 23 September 2008

Kongsberg Automotive has booked an order valued at MEUR 5,9 (MNOK 49,5) from Faurecia. The new business includes delivery of Arm Rests to the US market. The contract term is 5 years with production start in 2009.

The Arm Rests will be manufactured at Kongsberg Automotive's plant in Reynosa, Mexico.

The customer, Faurecia, is a well-known global player in the automotive industry, and the company ranks among the top 10 automotive suppliers in the world.



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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 11,000 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:

Ronny Lie Director, Corporate Communication Ph: +47 32 77 05 11 / +47 916 10 798 e-mail: ronny.lie@ka-group.com ###

Kongsberg Automotive Holding ASA

http://www.kongsbergautomotive.com

ISIN: NO0003033102

Stock Identifier: XOSL.KOA