Kongsberg Automotive Holding ASA (OSL:KOA) Kongsberg Automotive Awarded 3 New Programs For Asian Market

Kongsberg Automotive Holding ASA (OSL:KOA) Kongsberg Automotive's new Automotive Systems Division is making an immediate impact in the marketplace with 3 new business wins to Chinese and Japanese customers.

Joint efforts between sales groups in North America, Japan and China, have culminated in new business starting in 2009. The business wins are with one Chinese customer for seating products in a Chinese vehicle. The further two contracts are with two Japanese customers, one for door module systems and the other for vehicle sunroof systems, both being fitted to Japanese vehicles. Contract value is approximately 5m Euro / 46 MNOK.

Production for all products will be in Kongsberg Automotive facilities in China.

"This continues the focus on winning contracts on Asian OEM vehicle platforms, which are representing the most stable production demands and growth in the global automotive market. These new contracts emphasizes our global footprint with the ability to provide global support, but also competitively priced products for local market customers, says Hans Peter Havdal - President Automotive Systems at Kongsberg Automotive.

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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:

Hans Peter Havdal President, Automotive Systems Phone:+47 32 77 05 20. Mobile:+ 47 920 65 690 e-mail: hans.havdal@ka-group.com

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

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