Elektrobit Oyj - Company Announcement

THE SALE OF ELEKTROBIT CORPORATION'S (EB) TEST TOOLS PRODUCT BUSINESS TO ANITE PLC HAS BEEN COMPLETED

STOCK EXCHANGE RELEASE
Free for publication on January 31, 2013, at 4.00 pm (CET+1)
THE  SALE OF ELEKTROBIT CORPORATION'S (EB)  TEST TOOLS PRODUCT BUSINESS TO ANITE
PLC HAS BEEN COMPLETED

The sale of Elektrobit Corporation's ("EB") Test Tools product business to Anite
plc  ("Anite") has been completed today. The cash consideration paid by Anite to
EB  as a result of the Transaction was  EUR 31.0 million on a cash and debt free
basis,  subject to  a post  completion adjustment  based upon  the level  of net
working  capital and cash and debt in the Test Tools product business on January
31, 2013. The  closing of the Transaction results  in a non-recurring net profit
of about EUR 23 million in the first quarter of 2013, and non-recurring net cash
flow  of  about  EUR  28 million,  in  the  first half of 2013. EB announced the
transaction in its stock exchange release on January 28, 2013.

Oulu, January 31, 2013

Elektrobit Corporation (EB)
Jukka Harju
CEO

Further information:
Jukka Harju
CEO, Elektrobit Corporation
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 for the year 2011 totaled MEUR
162.2. Elektrobit    Corporation    is    listed   on   NASDAQ   OMX   Helsinki.
www.elektrobit.com


Anite plc
Anite  plc, an  international software  and solutions  company, operates  in two
discrete  markets: we provide device and network testing systems to the wireless
market and reservation and e-commerce solutions to the leisure travel industry.
The  success of both  divisions is based  on our comprehensive  knowledge of the
sectors and on our proprietary software and hardware products.
Our  530 staff work with the world's leading wireless and travel companies, from
our  headquarters in the UK and  from offices in 15 countries throughout Europe,
the Americas, Asia and the Middle East. www.anite.com

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