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KONGSBERG wins contracts valued at MNOK 280 for deliveries to drilling vessels

28. March 2011

KONGSBERG has been awarded a contract-series with Korean shipyards worth approximately 280 million NOK for delivery of Dynamic Positioning and Integrated Control Systems to Drilling Vessels. The building of the vessels will take place on several shipyards.

KONGSBERG (OSE Ticker: KOG) is an international, knowledge-based group that supplies high-technology systems and solutions to customers engaged in the oil and gas industry, the merchant marine industry, and the defence and aerospace industries. In 2010, KONGSBERG had a turnover of NOK 15.5 billion, and the Group had 5 681 employees in more than 25 countries.

For further information, please contact: VP Investor Relations Jan Erik Hoff - telephone: +47 32 28 83 30, +47 991 11 916

This information is subject to disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act.

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