Elektrobit Oyj - Company Announcement

EB, ELEKTROBIT CORPORATION, REDUCES ITS PERSONNEL IN WIRELESS BUSINESS

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