Elektrobit Oyj - Decisions of general meeting

DECISIONS OF THE ANNUAL GENERAL MEETING OF EB, ELEKTROBIT CORPORATION

STOCK EXCHANGE RELEASE

Free for publication on March 31, 2011, at 3.00 p.m. (CEST+1)

DECISIONS OF THE ANNUAL GENERAL MEETING OF EB, ELEKTROBIT CORPORATION

The  Annual General Meeting  of EB, Elektrobit  Corporation was held on 31 March
2011, at  1.00 p.m. at the address the University of Oulu, Saalastinsali, Pentti
Kaiteran  katu 1, 90570 Oulu, Finland.  The Annual General  Meeting approved the
annual  accounts  for  the  financial  year  2010 and  discharged  the Company's
management from liability.

USE OF THE PROFITS SHOWN ON THE BALANCE SHEET AND PAYMENT OF DIVIDEND
The General Meeting decided in accordance with the proposal of the Board of
Directors that no dividend shall be distributed.

ELECTION AND REMUNERATION OF THE MEMBERS OF THE BOARD OF DIRECTORS

The  Annual General Meeting  decided that the  Board of Directors shall comprise
five  (5) members. Jorma Halonen, Juha  Hulkko, Seppo Laine, Staffan Simberg and
Erkki  Veikkolainen were elected members of the Board of Directors for a term of
office expiring at the end of the next Annual General Meeting.
At  its  assembly  meeting  held  on  March 31, 2011, the Board of Directors has
elected  Mr. Seppo Laine Chairman of the  Board. Further, the Board has resolved
to  keep the Audit and Financial Committee with Mr. Staffan Simberg (Chairman of
the committee) and Mr. Seppo Laine as committee members.
The  following monthly remuneration shall be paid to the members of the Board of
Directors:  EUR 3,500 to the chairman of the Board of Directors and EUR 2,000 to
the  other members of the Board of Directors. In addition, the Board members are
entitled  to compensation for the attended  Board Committee meetings as follows:
the  Chairman  of  the  Committee  EUR  600 for each meeting and other Committee
members EUR 400 for each meeting. The members of the Board of Directors are also
entitled  to  remuneration  for  attending  Board  meetings  of  other companies
belonging  to  the  Elektrobit  Group,  as  follows: EUR 1,000 for each meeting.
Travel  expenses of the members of the Board of Directors shall be reimbursed in
accordance with the Company's travel policy.

ELECTION AND REMUNERATION OF THE AUDITOR AND DEPUTY AUDITOR

Ernst  & Young Ltd, authorized public accountants, was re-elected auditor of the
Company  for a  term of  office ending  at the  end of  the next  Annual General
Meeting.  Ernst &  Young Ltd  has notified  that Mr.  Jari Karppinen, authorized
public  accountant, will  act as  responsible auditor.  It was  decided that the
remuneration  to  the  auditor  shall  be  paid against the auditor's reasonable
invoice.

AUTHORIZING  THE BOARD OF DIRECTORS TO DECIDE ON THE REPURCHASE OF THE COMPANY'S
OWN SHARES

The  General  Meeting  authorized  the  Board  of  Directors  to  decide  on the
repurchase of the Company's own shares as follows.
The  amount of own shares to  be repurchased shall not exceed 12,500,000 shares,
which  corresponds to approximately  9.66 per cent of  all of the  shares in the
Company.  Only the 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
the repurchase or otherwise at a price formed on the market.

The  Board of Directors decides  how own shares will  be repurchased. Own shares
can be repurchased using, inter alia, derivatives. Own shares can be repurchased
otherwise  than in proportion to the shareholdings of the shareholders (directed
repurchase).

The  authorization cancels  the authorization  given by  the General  Meeting on
March 25, 2010 to decide on the repurchase of the Company's own shares.

The authorization is effective until June 30, 2012.

AUTHORIZING  THE BOARD OF DIRECTORS TO DECIDE  ON THE ISSUANCE OF SHARES AS WELL
AS THE ISSUANCE OF SPECIAL RIGHTS ENTITLING TO SHARES

The  General meeting authorized the Board of Directors to decide on the issuance
of  shares and other special  rights entitling to shares  referred to in chapter
10 section 1 of the Companies Act as follows.
The  amount of  shares to  be issued  shall not  exceed 25,000,000 shares, which
corresponds to approximately 19.32 per cent of all of the shares in the Company.

The  Board of Directors decides on all  the conditions of the issuance of shares
and  of special rights entitling to  shares. The authorization concerns both the
issuance  of new shares as well as the transfer of treasury shares. The issuance
of  shares  and  of  special  rights  entitling  to shares may be carried out in
deviation from the shareholders' pre-emptive rights (directed issue).

The  authorization cancels  the authorization  given by  the General  Meeting on
March  25, 2010 to decide on the  issuance of shares as  well as the issuance of
options and other special rights entitling to shares.

The authorization is effective until June 30, 2012.

Oulu, March 31, 2011
Elektrobit Corporation
The Board of Directors

More information:

Jukka Harju
Chief Executive Officer
Tel. +358 40 344 5466

Päivi Timonen
Chief Legal Officer
Tel. +358 40 344 2794

Distribution:

NASDAQ OMX Helsinki
Major 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
wireless and automotive industries. The net sales for the year 2010 totaled MEUR
161.8. Elektrobit      Corporation      is      listed     on     NASDAQ     OMX
Helsinki.www.elektrobit.com


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