Elektrobit Oyj - Company Announcement

EB, ELEKTROBIT CORPORATION, EXITS FROM RFID BUSINESS

STOCK EXCHANGE RELEASE
Free for publication on February 2, 2009 at 8.30. (CET+1)

EB, ELEKTROBIT CORPORATION, EXITS FROM RFID BUSINESS

EB exits from  RFID technology business  by selling 7iD  Technologies
GmbH to the acting management of the said company in Austria.

RFID business has been part  of Wireless Sensor Solution business  in
EB and it has 20 employees.  Due to this transaction Wireless  Sensor
Solution business  ceases  to exist.  The  write-offs caused  by  the
transaction are included in the earlier announced (20 November, 2008)
maximum  EUR  5   million  non-recurring   restructuring  costs   and
write-offs for the second half of 2008. The transaction will not have
significant impact on EB's balance sheet or result. The parties  have
agreed not to publish the purchase price or other agreement terms.


Further information:
Antti Sivula
Senior Vice President, Wireless Communication Tools
Tel. +358 40 843 5839

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

DISTRIBUTION:
NASDAQ OMX Helsinki
Main 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 2007 totaled  EUR
144.3  million.  Elektrobit  Corporation  is  listed  on  NASDAQ  OMX
Helsinki Ltd. www.elektrobit.com