Elektrobit Oyj - Company Announcement

EB, ELEKTROBIT CORPORATION, LOWERS THE NET SALES AND OPERATING PROFIT FORECASTS FOR THE FIRST HALF OF 2008

STOCK EXCHANGE RELEASE
Free for publication on June 19, 2008 at 1.15 pm. (CET+1)
EB, ELEKTROBIT CORPORATION, LOWERS THE NET SALES AND OPERATING PROFIT
FORECASTS FOR THE FIRST HALF OF 2008

EB expects the net sales for the  first half of 2008 to grow  clearly
compared to  the second  half of  2007 (EUR  79.9 million),  but  the
latter part of  the half is  expected to fall  behind from the  first
quarter (EUR 47.3  million). Earlier  the company  estimated the  net
sales of the latter part of the year half to be roughly at the  level
of the beginning of the year.

The operating  loss from  business operations  without  non-recurring
items in the first half of 2008 is estimated to be relevantly  bigger
than the operating loss from  business operations in the second  half
of 2007  (EUR  -7.9  million).  Earlier  the  company  estimated  the
operating loss from business  operations without non-recurring  items
in the first  half of 2008  to be roughly  at the same  level of  the
operating loss in the second half of 2007.

The sales of  the Business  Segments of the  first half  of 2008  are
estimated to grow  slower than forecasted  earlier. The main  reasons
for this  are  the  rapid  deceleration  of  the  sales  of  wireless
communications emulation and design tools  especially in the USA  and
Asia apart from China, and the delay of the accumulation of net sales
of WiMAX base station module products.

In addition,  EB has  reviewed the  goodwill valuations  of the  RFID
reader system business  belonging to the  Wireless Business  Segment,
and has resulted in a write-off of approximately EUR 2.8 million.  On
May 7, 2008, the  company announced that  the non-recurring items  in
the first quarter would affect  negatively the operating loss in  the
first half of 2008 by EUR  2.9 million. In total these  non-recurring
items will decrease the operating result of the first half of 2008 by
EUR 5.7 million.

EB publishes  its second  quarter 2008  interim report  on August  8,
2008.

EB, Elektrobit Corporation
The Board of Directors

FURTHER INFORMATION:
Pertti Korhonen
CEO
Tel. +358 40 344 5148

Outi Torniainen
Director, Corporate Communications
Tel. +358 40 512 1375

DISTRIBUTION:
OMX Nordic Exchange Helsinki
Principal media

EB, Elektrobit Corporation
EB creates advanced technology and  turns it into enriching  end-user
experiences. EB  is specialized  in demanding  embedded software  and
hardware solutions for  automotive and wireless  industries. The  net
sales for the year 2007 totaled MEUR 144.3. Elektrobit Corporation is
listed on OMX Nordic Exchange Helsinki. www.elektrobit.com