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KONGSBERG signs NOK 3 billion contract with Finland

In Helsinki today, the Finnish Army Material Command Headquarter and KONGSBERG formally signed an agreement with a scope of approx. NOK 3 billion for the NASAMS II air defence system for the Finnish Defence Forces. The NASAMS II system made by KONGSBERG/Raytheon will be Finland's new medium-range air defence missile system (MRADMS). System deliveries will be completed in 2014. See also our stock exchange bulletin of 29 April announcing the choice made by the Finnish Ministry of Defence.

KONGSBERG (Ticker OSE: KOG) is an international, knowledge-based group that supplies high-technology systems and solutions to customers engaged in the oil and gas industry, the merchant marine, and the defence and aerospace industries. In 2008, KONGSBERG had a turnover of NOK 11 billion and 5 243 employees in more than 25 countries.

For further information, please contact: President Harald Ånnestad, mobile phone (+47) 920 60 087.

This information is subject of the disclosure requirements according to §5-12 Norwegian Securities Trading Act.