Kongsberg Automotive

Kongsberg Automotive completes the sale of its North American Headrest/Armrest business

Today, Kongsberg Automotive completed the sale of its North American

Headrest/Armrest business to Futuris Automotive for an undisclosed amount.

Kongsberg Automotive and Futuris Group (Futuris) entered into a sales and

purchase agreement on January 6, 2017. With the closing of the deal having taken

place today, all contracts, employees, and other assets have been transferred to

Futuris.

As previously communicated at Kongsberg Automotive's Capital Market Day in

November, 2016, Kongsberg Automotive had decided to divest its Headrest and

Armrest business in order to focus its Interior Segment on the Seat Climate and

Support systems and Light Duty Cable products.

About Futuris Group:

Futuris is the leading automotive Minority Certified Tier 1 global seating and

interiors supplier with complete design to production capabilities. Futuris is

located across 5 countries, the United States, Mexico, China, Thailand and

Australia, operating over 25 facilities and employing over 5,600 associates

worldwide.

About Kongsberg Automotive:

Kongsberg Automotive provides world class products to the global vehicle

industry. Our products enhance the driving experience, making it safer, more

comfortable and sustainable. With revenues of around EUR 1 billion and 10.000

employees in 18 countries, Kongsberg Automotive is truly a global supplier. The

company is headquartered in Switzerland and has 31 production facilities

worldwide. The product portfolio includes seat comfort systems, driver and

motion control systems, fluid assemblies, and industrial driver interface

products developed for global vehicle manufacturers. Find more information at

www.kongsbergautomotive.com

Investors / analysts:

Philippe Toth, EVP Vice President, Business Development & IR

Tel: +47 98214021

Media:

Fredrik Tangeraas, Director, Corporate Communications

Tel: +47 92464699

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