Elektrobit Oyj - Company Announcement

EB, ELEKTROBIT CORPORATION CONCLUDED ITS PERSONNEL NEGOTIATIONS

STOCK EXCHANGE RELEASE

Free for publication, on June 22, 2010, at 9.30 am (CEST +1)

EB, ELEKTROBIT CORPORATION CONCLUDED ITS PERSONNEL NEGOTIATIONS
EB,  Elektrobit  Corporation  has  today  concluded  the  personnel negotiations
started   on   June   7, 2010, with   its   personnel   in  Elektrobit  Wireless
Communications  Ltd and  Elektrobit Corporation  in Finland.  The target  of the
negotiations has been to adjust its operations and cost level in the second half
of  2010 to  correspond  the  temporarily  decreased  order  volumes in Wireless
Solutions Business.

As  a result of the negotiations  EB will temporarily dismiss approximately 100
employees full or part time for maximum of 90 days starting in July - August. If
necessary,  EB  can  execute  additional  temporary  dismissals  at  maximum  of
approximately   100 employees   during   autumn.   EB  supports  the  competence
development  of the employees  being temporarily dismissed  by further extending
its training programs significantly.

In  case the temporary dismissals are being executed in full, the estimated cost
savings  in the second half of  2010 will be approximately EUR 1.7 million. This
adjustment  measure has no effect  on the outlook for  the first half of 2010 as
announced  in April 29, 2010. EB  will give the  outlook for the  second half of
2010 in context with the interim report January-June 2010.
The  temporary dismissals  have no  direct impact  on EB's  customer work  or on
Wireless Solutions business strategy.
Oulu, June 22, 2010
Elektrobit Corporation
Jukka Harju
CEO
Further information:
Ari Virtanen
Executive Vice President, Wireless Solutions
Tel. +358 400 435 878
Panu Miettinen
CFO
Tel. +358 40 344 5338
Distribution:
NASDAQ OMX Helsinki
Principal media

EB, Elektrobit Corporation
EB  develops  advanced  technology  and  transforms  it  into enriching end user
experiences.   EB  specializes  in  demanding  embedded  software  and  hardware
solutions  for the automotive industry  and wireless technologies. The company's
net sales for the year 2009 totaled EUR 153.8 million. Elektrobit Corporation is
listed on the NASDAQ OMX Helsinki.www.elektrobit.com


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