Elektrobit Oyj - Company Announcement

ELEKTROBIT CORPORATION (EB) HAS COMPLETED THE MEASURES TARGETING TO APPROXIMATELY EUR 2 MILLION ANNUAL COST SAVINGS IN ITS WIRELESS BUSINESS SEGMENT

STOCK EXCHANGE RELEASE
Free for publication on April 4, 2013, at 9.30 pm. (CEST+1)
ELEKTROBIT   CORPORATION   (EB)   HAS   COMPLETED   THE  MEASURES  TARGETING  TO
APPROXIMATELY EUR 2 MILLION ANNUAL COST SAVINGS IN ITS WIRELESS BUSINESS SEGMENT

Elektrobit  Corporation  (EB)  has  completed  the  measures to improve its cost
structure  that  were  started  on  February  19, 2013. With  these  measures EB
estimates  to reach the targeted approximately EUR 2 million annual cost savings
in  its Wireless Business Segment, fully effective from the second half of 2013
on.  The measures resulted non-recurring  costs of approximately EUR 0.8 million
that  affect negatively the  Company's operating result  of the first quarter of
2013.

The  underlying reasons for the measures to  improve the cost structure were the
changed  business  requirements.  As  part  of  these  measures,  EB reduced its
personnel in the Wireless Business Segment globally by altogether 32 persons, 8
of  them in  Finland. In  addition, EB  also concentrated  some of  its Wireless
Business Segment operations to Finland and moved the centre of its US operations
from  west coast to  east coast, where  many of the  public sector customers are
located. Currently Wireless Business Segment employs 538 persons in total.

The  cost  savings  effects  and  non-recurring  costs are included in the 2013
outlook  given  on  February  19, 2013, in  the  Company's  Financial  Statement
Bulletin.

Oulu, April 4, 2013

Elektrobit Corporation
Jukka Harju
CEO

Further information:
Jukka Harju
CEO
Tel. +358 40 344 5466

Distribution:
NASDAQ OMX Helsinki
Principal media

Elektrobit (EB)
EB creates advanced technology and turns it into enriching end-user experiences.
EB  is specialized  in demanding  embedded software  and hardware  solutions for
wireless  and automotive industries. The net sales from continuing operations in
2012 totaled   MEUR  185.4. Elektrobit  Corporation  is  listed  on  NASDAQ  OMX
Helsinki. www.elektrobit.com

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