Elektrobit Oyj - Notice to general meeting

EB, ELEKTROBIT CORPORATION'S ANNUAL GENERAL MEETING OF SHAREHOLDERS

STOCK EXCHANGE RELEASE
Free for publication on February 6, 2008 at 8.00 am. (EET)

EB, ELEKTROBIT CORPORATION'S ANNUAL GENERAL MEETING OF SHAREHOLDERS

The shareholders of Elektrobit Corporation are invited to the  Annual
General Meeting on Friday, March 14,  2008 at 1.00 p.m. (EET) at  the
offices of Elektrobit Corporation, Automaatiotie 1, Oulunsalo.

The meeting shall consider the following matters:

1. The matters to be resolved  upon at the Annual General Meeting  of
shareholders according to chapter 5,  section 3 of the Companies  Act
and to be considered  at the Annual  General Meeting of  shareholders
under section 8 of the Articles of Association

2. A proposal  by the  Board of Directors  to amend  the Articles  of
Association

The Board of Directors  proposes to the  Annual General Meeting  that
the Articles of Association be amended.

The content of the proposed amendments is the following:

- Section 1  of the Articles  of Association is  amended so that  the
company's domicile is Oulu.

- Section 2 of the  Articles of Association concerning the  company's
field of activities  is updated  as follows: The  company's field  of
activities is the  development, production and  selling of  software,
equipment and  other  products  for the  automotive  and  electronics
industry, the production of R&D  services and other services as  well
as other industrial operations.  The company may administer  product-
and other rights  and conduct research-  and development  operations,
hold  and  trade  securities   and  real-estate  and  conduct   other
investment activities.

3. A proposal by the Board of Directors to authorize the Board of
Directors to repurchase shares of the company

The Board of Directors  proposes to the  Annual General Meeting  that
the Board of Directors of the  company be authorized to resolve on  a
repurchase of the company's own shares as follows.

The number  of repurchased  own shares  shall not  exceed  12,500,000
shares, which  represents  approximately 9.66  per  cent of  all  the
shares of the company. Only unrestricted equity of the company can be
used to repurchase own shares on the basis of the authorization.

Own shares can be repurchased at a price formed in public trading  on
the date of repurchase or otherwise at a price formed on the market.

The Board of Directors shall resolve how the repurchase of shares  is
carried out.  The  repurchase can  be  carried out  by  using,  among
others, derivatives. Shares may be repurchased in deviation from  the
shareholder's pre-emptive rights (directed repurchase of shares).

The authorization is effective until 30 June 2009.

4. A proposal by the Board of Directors to authorize the Board of
Directors to resolve on the issuance of shares and of stock options
and other special rights entitling to shares

The Board of Directors  proposes to the  Annual General Meeting  that
the Board of Directors of the company be authorized to resolve on the
issuance of  shares and  of stock  options and  other special  rights
entitling to  shares referred  to in  chapter 10,  section 1  of  the
Companies Act as follows.

The  aggregate  number  of  shares   issued  on  the  basis  of   the
authorization may  not  exceed 25,000,000  shares,  which  represents
approximately 19.32  per  cent  of  all the  current  shares  of  the
company.

The Board of Directors is authorized to resolve on all the terms  and
conditions concerning the  issuance of shares  and of special  rights
entitling to shares. The authorization concerns both the issuance  of
new shares and the transfer of the company's own shares. Issuance  of
shares and of special rights entitling  to shares can be carried  out
in deviation  from  the shareholder's  pre-emptive  rights  (directed
issue).

The authorization is effective until 30 June 2009.

5. A proposal by the Board of Directors to issue stock options to key
personnel of the Elektrobit Group

The Board of Directors  proposes to the  Annual General Meeting  that
stock options be issued to key personnel of the Elektrobit Group.

There is a weighty  financial reason for the  company to issue  stock
options, since the stock options are intended for use as part of  the
incentive and commitment program for key personnel.

The maximum  total number  of stock  options shall  be 4,200,000,  of
which 1,400,000  shall be  marked with  the symbol  2008A,  1,400,000
shall be marked with the symbol  2008B and 1,400,000 shall be  marked
with the symbol 2008C. The stock options entitle to subscription of a
maximum total of 4,200,000  new shares of the  company or own  shares
held by it. The proportion of the shares that can be subscribed using
the stock options to be issued will be a maximum total of 3.1% of the
company's shares and associated voting rights after a possible  share
subscription, should new shares be issued in the subscription.

The subscription  price for  the shares  be subscribed  based on  the
stock options shall be  based on the prevailing  market value of  the
Elektrobit Corporation share at OMX  Nordic Exchange Helsinki Ltd  in
January 2009, January 2010 and  January 2011. The subscription  price
will be recorded in the fund for invested unrestricted equity.

The share  subscription period  for stock  options 2008A  shall be  1
April 2012-31 March  2014, for  stock options 2008B  1 April  2013-31
March 2015, and for stock options 2008C 1 April 2014-31 March 2016.

6. Composition of the Board of Directors

Shareholders representing altogether approximately 50.9 % of all  the
shares of the  company have notified  that they will  propose to  the
Annual General  Meeting  of shareholders  that  the number  of  Board
members is fixed to six and that the following persons are elected as
Board members: J.T. Bergqvist, Jukka Harju, Juha Hulkko, Seppo Laine,
Staffan Simberg and Erkki Veikkolainen. The persons proposed for  the
Board of Directors have in advance declared that, when elected,  they
will  support  the  election  of  J.T.  Bergqvist  as  semi-executive
chairman of the Board.

7. Election of auditors

Shareholders representing altogether approximately  50.9% of all  the
shares of the  company have notified  that they will  propose to  the
Annual General  Meeting of  shareholders that  Ernst &  Young Oy,  an
auditing entity authorized  by the  Central Chamber  of Commerce,  be
elected auditor of the company.

8. Payment of dividend

The Board of Directors proposes to the Annual General Meeting that  a
dividend of  EUR 0.02  per share  be paid  for the  financial year  1
January 2007-31 December 2007. Dividend is paid to a shareholder that
has been entered  into the shareholders'  register maintained by  the
Finnish Central Securities Depository Ltd on the record date for  the
payment of dividend. The Board of Directors proposes that the  record
date for  the payment  of dividend  is  19 March  2008 and  that  the
payment date of the dividend is from 28 March 2008.

ANNUAL ACCOUNTS AND PROPOSALS OF THE BOARD OF DIRECTORS

The Annual Accounts and the proposals  of the Board of Directors  are
available for the shareholders  at the latest as  of 7 March 2008  on
the     company's     Internet      pages     at     the      address
www.elektrobit.com/static/en/investors.html. A  shareholder shall  be
delivered a copy of the above-mentioned documents upon request.

PARTICIPATION IN THE ANNUAL GENERAL MEETING

A shareholder who

- by  4  March 2008  has  been registered  as  a shareholder  in  the
shareholders' register of the  Company maintained by Finnish  Central
Securities Depository Ltd; and

- has  registered  for  the  Annual General  Meeting  in  the  manner
described below at the  latest on Friday, 7  March 2008 at 4.00  p.m.
(EET)

has the  right  to  participate  at the  Annual  General  Meeting  of
shareholders.

REGISTRATION INTO THE SHAREHOLDERS' REGISTER

A shareholder whose  shares have  been registered  into his  personal
book-entry account with the Finnish Central Securities Depository Ltd
is automatically  entered  into  the shareholders'  register  of  the
company. Holder  of  nominee-registered  shares  can  be  temporarily
entered into  the  shareholders'  register of  the  company  for  the
purpose of participating  at the Annual  General Meeting. Holders  of
nominee-registered shares  should therefore  contact their  custodian
well  in  advance  of  the  Annual  General  Meeting.  The  temporary
registration must be in force on 4 March 2008.

REGISTRATION FOR THE GENERAL ANNUAL MEETING

A shareholder must  register for  the Annual General  Meeting at  the
latest on Friday, 7 March 2008 by 4.00 p.m. (EET) as follows:

- by phone +358 40 344 3322 or +358 40 344 5425;
- by fax +358 8 570 1304;
- by e-mail yhtiokokous@elektrobit.com; or
- by mail to the address Elektrobit Corporation, Yhtiökokous, PL  45,
90461 Oulunsalo.

AUTHORIZATION

If the Annual  General Meeting  is attended  by proxy,  the Power  of
Attorney is requested to  be delivered at the  latest on Tuesday,  11
March 2008 at 4.15 p.m. (EET) to the above postal address.

ANNUAL REPORT

The Annual Report is available  at the latest as  of 7 March 2008  on
the     company's     Internet      pages     at     the      address
http://www.elektrobit.com/static/en/investors.html.


In Oulunsalo, February 6, 2008

Elektrobit Corporation
Board of Directors


ADDITIONAL INFORMATION:

Päivi Vasankari
Chief Legal Officer
Elektrobit Corporation
Tel. +358 40 344 2794

Panu Miettinen
Chief Financial Officer
Elektrobit Corporation
Tel. +358 40 344 5338


DISTRIBUTION:

OMX Nordic Exchange Helsinki
Principal media


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