Nominating Committee

Composition

The current committee was elected by the ordinary AGM on 11 May 2010 and consists of:

• Knut J. Utvik, deputy director general, Ministry of Trade and Industry (re-elected)
• Sverre Valvik, managing director, Arendals Fossekompani ASA (re-elected)
• Alexandra Morris, senior portfolio manager, Odin Forvaltning

None of the Committee's members represents KONGSBERG's management or Board. The majority of the members are considered independent of management and the Board. Sverre Valvik is managing director of Arendals Fossekompani ASA, where KONGSBERG's director Erik Must indirectly owns a substantial stake. The Nominating Committee is considered to have a composition that reflects the common interests of the community of shareholders.