Elektrobit Oyj - Company Announcement

EB, ELEKTROBIT CORPORATION, REDUCES ITS PERSONNEL IN SUPPORT FUNCTIONS

STOCK EXCHANGE RELEASE
Available for publication on October 21, 2008 at 09.00 am (CEST+1)

EB,  ELEKTROBIT  CORPORATION,  REDUCES   ITS  PERSONNEL  IN   SUPPORT
FUNCTIONS

EB  announced  that  it  would   reduce  its  personnel  working   in
administration and support functions on October 1, 2008. The goal was
to reduce  approximately  40  jobs.  As a  result  of  the  personnel
negotiations in Finland that concluded  on October 21, 2008,  natural
attrition,  reduction  of  EB's   external  workforce,  transfer   of
employees to EB's businesses and termination of temporary  employment
the personnel  from  administration  and support  functions  will  be
reduced by 42 employees.

Personnel negotiations in administration  and support functions  have
been a  part  of  the  company's actions  in  order  to  improve  its
profitability and  adjust  its  cost structure.  EB's  target  is  to
achieve annual  cost savings  totaling approximately  EUR 30  million
compared to the cost level of the first half of 2008.

Elektrobit Corporation
Pertti Korhonen
CEO

Further information:
Pertti Korhonen
CEO
Tel. +358 40 344 5148

Outi Torniainen
Director, Communications and Marketing
Tel. +358 40 512 1375

DISTRIBUTION:
OMX Nordic Exchange Helsinki Ltd.
Main media offices

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 2007 totaled  EUR
144.3 million. Elektrobit  Corporation is  listed on  the OMX  Nordic
Exchange Helsinki. www.elektrobit.com