1. Group Finance 27.04.2006 Q1-2006 presentation 1 Kongsberg Automotive 1Q 2006 Olav Volldal (CEO)

2. Group Finance 27.04.2006 Q1-2006 presentation 2 Highlights first quarter 2006 The market has been stable for car production in Europe and North America and a small increase in volumes for heavy trucks. Some key customers have lost market share. The volume growth corrected for the effect of Milan, currency effects and price reductions is 3,6 %. New important orders won for Head Restraints in North America and Seat Comfort products in Asia. Improved operations. Actions taken to prepare for a weaker market in second half of 2006 and growth in 2007.

3. Group Finance 27.04.2006 Q1-2006 presentation 3 Operating revenue pr quarter KA Group

4. Group Finance 27.04.2006 Q1-2006 presentation 4 Operating revenue pr quarter KA Group Milan contributed with NOK 101 mill in 1st quarter 2006. Adjusting for –non-product sales (tooling and R&D income) –price reductions –currency effects the underlying volume increase is 3,6 %.

5. Group Finance 27.04.2006 Q1-2006 presentation 5 EBITA pr quarter KA Group

6. Group Finance 27.04.2006 Q1-2006 presentation 6 EBITA pr quarter KA Group Milan contributes with NOK 12 mill in 1st quarter 2006. The increase in EBITA for the rest of the Group is consequently NOK 3 mill. The main explanation factors are –Higher raw material prices. –Lower R&D and marketing cost. –Excluding Milan other operating expenses are down.

7. Group Finance 27.04.2006 Q1-2006 presentation 7 KA Group – Key figures *Profit before tax includes extraordinary finance elements of NOK 8 million.

8. Group Finance 27.04.2006 Q1-2006 presentation 8 Net Interest bearing debt ( Incl Vikaberg and Bilco) NOK mill

9. Group Finance 27.04.2006 Q1-2006 presentation 9 Seat Comfort (SC) Head Restraints Seat Ventilation & Cooling Seat Heating Seat Support Systems Smart TCU  Smart Wire 

10. Group Finance 27.04.2006 Q1-2006 presentation 10 SC Highlights Market stable compared to 1st quarter 2005. Several new businesses won for Head Restraints and Seat Heaters in the North American market... and Seat Comfort products in Asia. High activity regarding the German market. Significant cost reduction programs introduced.

11. Group Finance 27.04.2006 Q1-2006 presentation 11 Operating revenue pr quarter SC

12. Group Finance 27.04.2006 Q1-2006 presentation 12 Operating revenue pr quarter SC Milan contributed with 101 mill. The remaining product sale is up NOK 1 mill –Higher volume for Seat Support in Europe and seat heaters in China –Negative impact of price reductions. –Positive currency Other revenue up NOK 10 mill

13. Group Finance 27.04.2006 Q1-2006 presentation 13 EBITA pr quarter SC

14. Group Finance 27.04.2006 Q1-2006 presentation 14 EBITA pr quarter SC Milan contributes with NOK 12 mill in 1st quarter 2006. The rest of the portfolio is up NOK 3 mill –Relocation of production –Higher R&D and marketing costs.

15. Group Finance 27.04.2006 Q1-2006 presentation 15 Commercial Vehicle Systems (CVS) Clutch Actuation Systems Gearshift Systems Components Air Couplings

16. Group Finance 27.04.2006 Q1-2006 presentation 16 CVS Highlights The European market for Commercial Vehicles up in the 1st quarter. Raw material prices hurt the profit. High market and R&D activities. Strong improvements of internal productivity.

17. Group Finance 27.04.2006 Q1-2006 presentation 17 Operating revenue pr quarter CVS

18. Group Finance 27.04.2006 Q1-2006 presentation 18 Operating revenue pr quarter CVS The increase reflects the market in general and the production rate of our customers.

19. Group Finance 27.04.2006 Q1-2006 presentation 19 EBITA pr quarter CVS

20. Group Finance 27.04.2006 Q1-2006 presentation 20 EBITA pr quarter CVS Positive impact from higher sales balanced by: –Lower contribution as a result of significant increase in raw materials. –Increased activity in R&D and marketing to be able to leverage on future opportunities.

21. Group Finance 27.04.2006 Q1-2006 presentation 21 Gearshifts (GS) Manual shiftersAutomatic shifters

22. Group Finance 27.04.2006 Q1-2006 presentation 22 GS Highlights GM Opel is picking up – Zafira is estimated to sell more than earlier planned. New Saab models have a positive effect on sales. Weak Volvo and Renault sales have negative impact on the top–line. Improved productivity and quality. Drop in revenues for plastic containers.

23. Group Finance 27.04.2006 Q1-2006 presentation 23 Operating revenue pr quarter Gearshift

24. Group Finance 27.04.2006 Q1-2006 presentation 24 Operating revenue pr quarter Gearshift Product sales down 9 mill. –Lower sales of non-strategic plastic products (6 mill). –Price reductions –Some main customers are loosing market shares Other sales down by 15 mill due high tooling sales in 1st quarter 2005.

25. Group Finance 27.04.2006 Q1-2006 presentation 25 EBITA pr quarter Gearshift

26. Group Finance 27.04.2006 Q1-2006 presentation 26 EBITA pr quarter Gearshifts Despite lower sales EBITA is stable at NOK 3 mill. This is due to –Higher capitalization of R&D…. –and reduction of total R&D cost level. –Improved productivity.

27. Group Finance 27.04.2006 Q1-2006 presentation 27 KA Group - Outlook The market for 2nd quarter seems to be much in line with 1st quarter. For the rest of the year we foresee a weaker market. Raw material prices are expected to increase and sales prices will decrease To compensate for this: –Produce more in low cost countries. –Source more from low cost areas. –Improve operations. –Get price compensation for extraordinary raw material price increases.

28. Group Finance 27.04.2006 Q1-2006 presentation 28 General info Change in dividend policy Kongsberg Automotive shall create good financial value for its shareholders, employees and society. Returns to shareholders should be a combination of changes in share price and dividends. Dividends should reflect the results of the company, while recognizing opportunities for new, profitable investments. Over time the returns to shareholders should come more from an increased share price rather than through dividend distributions. The Board of Directors of Kongsberg Automotive considers that dividends over a period should average roughly 35 percent of the company's net income.

29. Group Finance 27.04.2006 Q1-2006 presentation 29 General meeting Remind all shareholders about the General meeting on the 15th of May at 1300 in Oslo

30. Group Finance 27.04.2006 Q1-2006 presentation 30 Q & A