Elektrobit Oyj - Changes board/management/auditors

ALEXANDER KOCHER APPOINTED PRESIDENT, AUTOMOTIVE BUSINESS SEGMENT OF EB, ELEKTROBIT CORPORATION

STOCK EXCHANGE RELEASE
Free for publication on August 1, 2011 at 10.00 (CEST+1)

ALEXANDER KOCHER APPOINTED PRESIDENT, AUTOMOTIVE BUSINESS SEGMENT OF EB,
ELEKTROBIT CORPORATION

Alexander Kocher (M. Sc., Electrical Engineering), 50, has been appointed
President of the Automotive Business Segment and Managing Director of Elektrobit
Automotive GmbH, effective latest November 1, 2011.

Alexander Kocher will transfer to EB from Wind River GmbH, a subsidiary of Intel
Inc, where he has worked as Vice President and General Manager of Automotive
Business Unit for the last 3 years. Earlier in his career, Mr. Kocher has worked
at Continental/VDO Automotive AG, Siemens Automotive AG, Infineon Technologies
AG and Siemens AG in various business management, business development and R&D
management positions regarding automotive infotainment and other software and
product solutions.

- Alexander Kocher has strong industry expertise in automotive software and
electronics technologies and their international markets.  He has also a long
management experience related to R&D, software business as well as customer
relationships.  We believe he has the right professional background and personal
capabilities to assume the leadership of EB Automotive Business Segment to
develop its offering and competitiveness in the fast growing and developing
automotive software market, says Jukka Harju, CEO of EB.

Mr. Kocher will report to the Board of Directors of Elektrobit Automotive GmbH.
The board is chaired by Jukka Harju, CEO of EB.

Gregor Zink, Vice President, Finance of EB Automotive Business Segment, will
continue as Acting President of the EB Automotive Business Segment until
Alexander Kocher will start at EB.

Further information:
Jukka Harju
CEO
Tel. +358 40 344 5466

Distribution:
NASDAQ OMX Helsinki Oy
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 2010 totaled EUR 161.8 million. Elektrobit Corporation is
listed on the NASDAQ OMX Helsinki.www.elektrobit.com



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