Kitron — Earnings Release 2016

May 12, 2016

Kitron receives communications order from Kongsberg

Kitron receives communications order from Kongsberg

(2016-05-12) Kitron has received a NOK 37 million order from Kongsberg Defence &

Aerospace AS for military communications equipment.

The equipment to be supplied is related to an existing contract for deliveries

to Hungary.

Kitron will supply various communications products, and production will be done

by Kitron in Arendal. The contract has a value for Kitron of NOK 37 million, and

deliveries will take place in 2016 and 2017.

Harald Ånnestad, President of Kongsberg Defence Systems, said:

"We are very satisfied once again to be able to award a major order to Kitron.

The last twelve months we have placed orders totaling 157 MNOK to Kitron for

advanced tactical communications equipment. This shows the importance of the

Defence portfolio to maintain highly advanced electronics production in Norway.

The recent contract with the NATO member Hungary is an excellent example of how

the Norwegian tactical communications cluster is able to compete and win defence

orders in the face of tough international competition."

For further information, please contact:

Peter Nilsson, CEO of Kitron ASA, tel +47 948 40 850

Hans Petter Thomassen, Managing Director of Kitron Norway, tel.+47 913 92 360

E-mail: investorrelations@kitron.com

Kitron is one of Scandinavia's leading electronics manufacturing services

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

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

Germany, China and the United States. Kitron had revenues of about NOK 1.95

billion in 2015 and has about 1 250 employees. www.kitron.com

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#2011792]