KONGSBERG AUTOMOTIVE GROUP                                                                           Interim report 3rd quarter 2011

Highlights Q3 2011

        Revenues in Q3 ended at MEUR 229.6 up 9% YoY

        Kongsberg Automotive’s revenue growth continues to be stronger than the market volumes

        EBITDA in Q3 at MEUR 15.4 (6.6%) representing a 20.3 % growth versus same period last year

        Q3 includes restructuring cost of MEUR 1.3

        Net profit year to date more than doubled versus same period 2010

        Revenue expectation for the year MEUR 1000 and EBITDA for the year expected between MEUR 85-90

        Continue to secure important global contracts