Elektrobit Oyj (HEL:EBG1V) EB, ELEKTROBIT CORPORATION, REDUCES ITS PERSONNEL IN WIRELESS BUSINESS

Elektrobit Oyj (HEL:EBG1V) STOCK EXCHANGE RELEASE Free for publication on December 17, 2008, at 9.00 am (CET+1)

EB, ELEKTROBIT CORPORATION, REDUCES ITS PERSONNEL IN WIRELESS BUSINESS

EB, Elektrobit Corporation announced on November 20, 2008 that it will reduce its personnel working in wireless business in Finland. As a result of the personnel negotiations concluded on December 17, 2008, 57 jobs will be reduced. The reductions concern EB's offices in Espoo, Oulu, Oulunsalo and Tampere. The amount of employees given a notice decreased from the earlier announced 80 employees mainly due to the decision to temporarily dismiss employees in Wireless Communications Tools in Finland for maximum 6 weeks during the first half of 2009.

The reduction of the personnel in wireless business is part of EB's actions to improve the profitability and adjust its cost structure. The company's target is to achieve EUR 40 million annual cost savings compared to the first half of 2008. EB has earlier announced a plan to make reduction of approximately 170 employees globally by the end of the first half of 2009.

December 17, 2008

EB, Elektrobit Corporation Pertti Korhonen CEO

Further information:

Pertti Korhonen CEO Tel. + 358 40 344 5466

Ritva-Liisa Niskanen Senior Vice President, Human Resources Tel. +358 40 344 2858

DISTRIBUTION: NASDAQ OMX Helsinki Ltd. Main media

EB, Elektrobit Corporation EB develops advanced technology and transforms it into enriching end user experiences. EB specializes in demanding embedded software and hardware solutions for the automotive industry and wireless technologies. The company's net sales for the year 2007 totaled EUR 144.3 million. Elektrobit Corporation is listed on NASDAQ OMX Helsinki Ltd. www.elektrobit.com

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Elektrobit Oyj

http://www.elektrobit.com

ISIN: FI0009007264

Stock Identifier: XHEL.EBC