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MNOK 140 Penguin contract with Brazil

Today Kongsberg Defence & Aerospace signed a contract with the Brazilian navy for the delivery of Penguin anti-ship missiles and associated equipment valued at appr. MNOK 140. The missiles will be deployed on the Brazilian Navy's new maritime helicopters.

Kongsberg Gruppen (KONGSBERG) is a multinational, knowledge-based group with over 5000 employees in more than 25 countries. The Group delivers high-technology systems to discerning customers engaged in offshore oil and gas production, the merchant marine, and the defence and aerospace industries. KONGSBERG is listed on the Oslo Stock Exchange (Ticker: KOG), and posted operating revenues of NOK 8.3 billion in 2007.

The subsidiary Kongsberg Defence & Aerospace is Norway's premier supplier of defence and aerospace-related systems. The company had operating revenues of NOK 3.3 billion in 2007 and has more than 1800 employees.

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