Elektrobit Oyj - Company Announcement

Decisions of the Annual General Meeting of Elektrobit Corporation (EB)

Stock exchange release

Free for publication on April 15, 2015 at 4.00 pm. (CEST+1)

Decisions of the Annual General Meeting of Elektrobit Corporation (EB)

The  Annual General  Meeting of  Elektrobit Corporation  (EB) was  held on April
15, 2015, at  1.00 p.m. at  the address  the University  of Oulu, Saalastinsali,
Pentti Kaiteran katu 1, 90590 Oulu, Finland. The Annual General Meeting approved
the  annual accounts  for the  financial year  2014 and discharged the Company's
management from liability.

USE OF THE PROFITS SHOWN ON THE BALANCE SHEET AND PAYMENT OF DIVIDEND

The  Annual General Meeting decided in accordance with the proposal of the Board
of  Directors to pay EUR  0.04 per share as dividend  based on the balance sheet
adopted  for  the  financial  period  January  1, 2014 -  December 31, 2014. The
dividend   will   be  paid  to  the  shareholders  who  are  registered  in  the
shareholders'  register  maintained  by  Euroclear  Finland  Ltd on the dividend
record  date Friday, April 17, 2015. The dividend  will be paid on Friday, April
24, 2015.

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.  Mr. Jorma  Halonen, Mr.  Juha Hulkko,  Mr. Seppo  Laine, Mr.
Staffan  Simberg and Mr. 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  April 15, 2015, 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), Mr. Seppo Laine and Mr. Erkki Veikkolainen as committee members.

The  following monthly remuneration shall be paid to the members of the Board of
Directors:  to the chairman of the Board of Directors EUR 3,500 and to the other
members  of the Board of  Directors EUR 2,000 each. In  addition, the members of
the  Board  of  Directors  are  entitled  to  compensation  for  attending 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, who also act as  Board members of other companies belonging
to  the Elektrobit Group, are also  entitled to compensation for attending Board
meetings  of such other group companies  as follows: EUR 1,200 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. Juhani Rönkkö, 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  9.50 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
April 10, 2014 to decide on the repurchase of the company's own shares.

The authorization is effective until June 30, 2016.

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 19.00 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
April  10, 2014 to decide on the  issuance of shares as  well as the issuance of
other  special rights entitling to shares referred to in Chapter 10 Section 1 of
the Companies Act.

The authorization is effective until June 30, 2016.


Oulu, April 15, 2015

Elektrobit Corporation
The Board of Directors

Further information:

Jukka Harju
CEO
Tel. +358 40 344 5466

Kari Jokela
Chief Legal Officer
Tel. +358 40 344 5258

Distribution:
NASDAQ OMX Helsinki
Principal media

Elektrobit Corporation (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  in 2014 totaled EUR 224.1
million  and operating  profit was  EUR 16.8 million.  Elektrobit Corporation is
listed on NASDAQ OMX Helsinki. www.elektrobit.com.


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