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KONGSBERG CHOSEN AS ENGINEERING AND TECHNOLOGY SUPPLIER FOR NEW PETROFAC DERRICK PIPELAYER VESSEL

January 30, 2014

KONGSBERG has been appointed as the supplier and integrator of all electrical, telecom and integrated control systems for the new Petrofac JSD 6000 deepwater derrick lay vessel. The contract has a value of over NOK 230 Million and is one of the most extensive 'Full Picture' contracts that Kongsberg Maritime has secured to date. The vessel is to be built at the Shanghai Zhenhua Heavy Industry Co., Ltd (ZPMC) yard in China for Petrofac UK. The contract was awarded by ZPMC to Kongsberg Maritime Engineering (KME), a wholly owned subsidiary of Kongsberg Maritime. The full contract includes supply and integration of the electrical, telecom and integrated control systems, project management, interface management and engineering services at all stages. In addition, a significant technology scope of supply includes generators, switchboards, automation, navigation & DP systems, radio and satellite communications, networking and on board entertainment, safety technology and monitoring systems such as the advanced helideck monitoring system. "This is a milestone contract for Kongsberg Maritime Engineering, and one of the most extensive 'Full Picture' contracts that Kongsberg Maritime has secured to date," says Geir HÅØy, President, Kongsberg Maritime. "Our approach of acting as a single supplier for all aspects of maritime vessel technology combined with being close to the customer in all major shipbuilding regions positions us as a natural partner for large integrated projects and we are proud to have been chosen to play such an important part in the development of Petrofac UK's new unit." For further information, please contact: Geir HÅØy, President, Kongsberg Maritime, (+47) 958 85 414, geir.haoy@km.kongsberg.com.



Kongsberg Gruppen (OSE-ticker: KOG) is an international, knowledge-based group delivering high technological systems and solutions to clients within the oil and gas industry, merchant marine, defence and aerospace. KONGSBERG has roughly 7 400 employees located in more than 25 countries with total revenues of NOK 15,7 billion in 2012.

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



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