Kongsberg Automotive secures MEUR 18,2 (NOK 138,8 million) of new business within the commercial vehicle segment.

Fluid Transfer Systems are pleased to announce a 3-year supply agreement with one of the world's largest suppliers of braking & vehicle control systems for the truck & bus industry.

The supply agreement begins with immediate effect and covers the "Raufoss" Air Brake coupling range. This building-block system includes the ABC coupling, KArtridge and Manifold program that are manufactured in our facility in Raufoss, Norway.

The agreement runs for 3 years and is worth €18,2 million Euros over the period.

"We are delighted with this agreement which highlights the trust our main customer's place in our business and our unique product range for Air braking systems. The ABC composite range allows for dramatic savings in both weight and assembly time when compared to traditional systems. The agreement includes a provision for closer technical cooperation which is exactly how we choose to work with our partner customers." commented Vice President of Sales - David Redfearn.

Media:

Hans Peter Havdal, CEO

Phone: +47 32770520. Mobile: +47 92065690

Investors / analysts:

Philippe Toth, Vice President M&A / Investor Relations

Phone: +4732770503. Mobile: +47 98214021

About Kongsberg Automotive:

Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable.

Kongsberg Automotive's business has a global presence. With revenues of close to EUR 1.0 billion and approximately 10.000 employees in 20 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Kongsberg, Norwayand has 32 production facilities worldwide. The product portfolio includes seat comfort systems, driver and motion control systems, fluid assemblies, and industrial driver interface products developed for global vehicle manufacturers. Find more information at www.kongsbergautomotive.com