Kitron — Earnings Release 2014

Mar 28, 2014

Kitron receives order from Kongsberg Gruppen

Kitron receives order from Kongsberg Gruppen

(2014-03-28) Kitron has received a new order worth approximately NOK 30 million

from Kongsberg Gruppen to supply electronics modules for integration in

Kongsberg's weapon guidance system Remote Weapon Station (RWS). In addition

Kitron has received a prognosis for orders of a further NOK 20 million.

It is Kitron's subsidiary Kitron AS that has received the order from Kongsberg

Defence & Aerospace AS. The orders will be filled under the existing frame

agreement between the companies. The products will mainly be delivered in 2014

and 2015, and the products will be manufactured at Kitron's plant in Arendal,

Norway.

"This is a very important order for Kitron, and for Kitron in Arendal. The

defence segment is one of Kitron's focus areas, and these orders strengthen

Kitron's position in this market," said Kitron's interim CEO Dag Songedal.

For further information please contact:

Dag Songedal, interim CEO, tel. +47 91 38 64 68 or e-mail

dag.songedal@kitron.com

Kitron is one of Scandinavia's leading electronics manufacturing services

companies for the Defence, Energy/Telecoms, Industry, Medical equipment and

Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania,

Germany, China and the United States. Kitron had revenues of about NOK 1.6

billion in 2013 and has about 1,200 employees. www.kitron.com

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act).

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