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Kongsberg accepts bid for property

KONGSBERG has accepted a bid for the sale of three properties, two of which are currently under construction. Kongsberg Maritime AS and FMC Kongsberg Subsea AS have signed long-term leases for the premises. The agreed value of the commercial property is MNOK 1 375. The buyer is Global Eiendom Utbetaling 2007 AS, an enterprise owned by the customers of Acta Kapitalforvaltning, already a major player in the property market.

The buyer is represented by ABG Sundal Collier. KONGSBERG has used DnB NOR Næringsmegling and DnBNOR Markets, Corporate Finance, as advisers in connection with the transaction.

The agreement is scheduled to be implemented by the end of 2007, and is expected to have a positive effect on KONGSBERG`s profit after tax of approx. MNOK 250.

KONGSBERG and the enterprises at Kongsberg Industrial Park have grown substantially, calling for the construction of new buildings. The sale will finance the construction of these buildings. The new buildings consolidate Kongsberg Industrial Park`s position as Norway`s leading technology park.

For further information, please contact: CFO Arne Solberg, mobile phone 47 920 60 011.

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