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New bond issue

Kongsberg Gruppen ASA has today finalised the earlier announced issue of a new 5-year open floating rate bond. The maximum loan amount is MNOK 600 and the first tranche is amounting to MNOK 400. The loan pays a quarterly coupon rate of 3months NIBOR 0.75 %-points. Payment date is June 3, 2004.

The issue is arranged by DnB NOR Markets and placed in co-operation with SEB Merchant Banking.