Kitron ASA (OSL:KIT) Transfer Of Manufacturing From Kitron AB I Karlskoga To Low-cost Alternative

Kitron ASA (OSL:KIT) Following the decision to transfer manufacturing of a major customer to a low-cost alternative it has been decided to adjust capacity at Kitrons site in Karlskoga. The notice involves 50 employees with full effect from 1 September, 2009. Kitron has requested to start negotiations with the Works Council.

3 November 2008 Kitron ASA

For further information, please contact: Johannes Lind, General manager Kitron Sweden, phone: (+46) 73 668 33 20, or e-mail: johannes.lind@kitron.com Jørgen Bredesen, CEO of Kitron ASA, phone: (+47) 4825 2584, or e-mail: jorgen.bredesen@kitron.com

Kitron is one of Scandinavia's leading companies in development, industrialisation and manufacturing of electronics for the Data/Telecom, Defence/Marine, Medical equipment and Industry sectors. The company is located in Norway, Sweden and Lithuania. Kitron had a revenue of about NOK 1.9 billion in 2007 and has about 1,400 employees. www.kitron.com

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

Kitron ASA

http://www.kitron.com

ISIN: NO0003072209

Stock Identifier: XOSL.KIT