Elektrobit Oyj - Company Announcement

EB, ELEKTROBIT CORPORATION, SELLS ITS PROPERTY IN OULUNSALO

STOCK EXCHANGE RELEASE
Free for publication on July 4, 2008 at 2.00 pm. (CET+1)

EB, ELEKTROBIT CORPORATION, SELLS ITS PROPERTY IN OULUNSALO

EB and RL-Nordic Oy  have today signed an  agreement, under which  EB
sold the property located at Automaatiotie in Oulunsalo to  RL-Nordic
Oy.

The debt  free  purchase price  for  the  sold property  is  EUR  7.9
million.  The  cash  consideration  is  about  EUR  2.1  million.  In
connection with the sale EB has committed to a three years lease-back
contract on the  sold property. EB's  intention is to  focus its  own
business operations to Oulu and lease the Oulunsalo property to third
parties.

The property sales transaction will  not lead to significant  capital
gains. As a  consequence of the  property sales EB  will recognise  a
non-recurring income item  of approximately  EUR 1.9  million in  the
third quarter of year 2008.  Simultaneously EB will book a  provision
for approximately  the same  expenditure related  to the  utilization
rate of the leased Oulunsalo  property. The cash-flow impact for  the
second half year of 2008 is estimated to be EUR 1.8 million.

On October 31, 2007, EB announced as a part of actions to rationalize
the company cost  structure that  it was  assessing possibilities  to
sell its properties located  in Oulu and  Oulunsalo. On December  28,
2007, EB announced the sale of its property in Oulu.

July 4, 2008

Elektrobit Corporation
Board of Directors


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

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

DISTRIBUTION:
OMX Nordic Exchange Helsinki
Principal 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  automotive and wireless  industries. The  net
sales for the year 2007  totalled MEUR 144.3. Elektrobit  Corporation
is listed on OMX Nordic Exchange Helsinki. www.elektrobit.com

RL-Nordic Oy
RL-Nordic delivers financial solutions to corporates, municipalities
and state. RL-Nordic is a part of Raiffeisen-Banking-Group Austria
and is a subsidiary to Raiffeisen-Leasing GmbH in Austria.
www.rl-nordic.fi