Kongsberg Automotive receives MNOK 70 order in the South American Truck Market

12/15/2008 7:00 AM EST

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 information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)