Elektrobit Oyj - Notice to convene extr.general meeting

Notice to the Extraordinary General Meeting of Elektrobit Corporation (EB)

Stock exchange release

Free for publication on May 20, 2015 at 2.30 pm. (CEST+1)

Notice to the Extraordinary General Meeting of Elektrobit Corporation (EB)

Notice   is   given   to  the  shareholders  of  Elektrobit  Corporation  to  an
Extraordinary  General Meeting to be held on Thursday, June 11, 2015 at 1.00 pm.
at  the University of  Oulu, Saalastinsali, at  the address Pentti Kaiteran katu
1, 90570 Oulu,  Finland. The  reception of  persons who  have registered for the
General Meeting and the distribution of voting tickets will start at 12.30 pm.

The Board of Directors of Elektrobit Corporation has cancelled the notice to the
Extraordinary  General  Meeting  concerning  the  company's contemplated partial
demerger   dated   April  29, 2015. Instead,  the  company  hereby  convenes  an
Extraordinary General Meeting to consider the matters set out in this notice.

A. MATTERS ON THE AGENDA OF THE GENERAL MEETING

At the General Meeting, the following matters will be considered:
 1. Opening of the meeting
 2. Calling the meeting to order
 3. Election of persons to scrutinize the minutes and to supervise the counting
    of votes
 4. Recording the legality of the meeting
 5. Recording the attendance at the meeting and adoption of the list of votes
 6. Approval of the sale of the company's Automotive business

The  company and  Continental AG  ("Continental") have  signed a  share purchase
agreement  (the "SPA") on May 18, 2015. Under the SPA, the company has agreed to
sell  its Automotive business  to Continental for  a purchase price  of EUR 600
million  in cash to be paid upon  the completion of the transaction contemplated
by  the  SPA  (the  "Transaction").  The  Transaction  comprises  the  company's
subsidiaries  belonging to the Automotive business, namely Elektrobit Automotive
GmbH  and its subsidiaries. In addition,  Continental will acquire the rights to
the  name  Elektrobit.  The  Transaction  is  expected  to  be  completed at the
beginning  of July  2015, subject to  the approval  of the Extraordinary General
Meeting, receipt of the required authority approvals and certain other customary
closing conditions.

Under  the terms of the SPA the completion  of the Transaction is subject to the
approval  of the company's  Extraordinary General Meeting.  Having evaluated the
terms and conditions of the Transaction and a Fairness Opinion from Pohjola Bank
plc  regarding the purchase  price, the Board  of Directors unanimously proposes
and recommends that the shareholders of the company approve the Transaction.

More  information  about  the  Transaction  is  available in the company's stock
exchange   release   concerning  the  Transaction  dated  May  19, 2015 and  the
information made available on the company's website at www.elektrobit.com.

 7. Resolution on the adoption of a new company name and changing the company's
    Articles of Association

        The  Board of  Directors proposes  that the  General Meeting resolves to
change the name of the company to Bittium Corporation and to change section 1 of
the company's Articles of Association to read as follows:

                  "1. Company name and domicile
                   The name  of the  company is  Bittium Oyj, in English Bittium
Corporation, and its domicile is Oulu."

        The  implementation of the changes to  the company name and the Articles
of Association is subject to the completion of the Transaction.

 8. Closing of the meeting



B. DOCUMENTS OF THE GENERAL MEETING

Proposals  of the Board  of Directors to  the Extraordinary General Meeting, the
stock  exchange release concerning the Transaction as well as this notice to the
General    Meeting   are   available   on   Elektrobit   Corporation's   website
www.elektrobit.com.  The proposals  for decisions  and other documents mentioned
above  are also available at the General  Meeting, and copies of these documents
and of this notice will also be sent to shareholders upon request.


C. INSTRUCTIONS FOR THE PARTICIPANTS IN THE GENERAL MEETING

 1. Shareholders registered in the shareholders' register

Each  shareholder, who is registered on Monday June 1, 2015 in the shareholders'
register  of  the  company  held  by  Euroclear  Finland  Ltd,  has the right to
participate  in the General Meeting. A  shareholder, whose shares are registered
on   his/her   personal   Finnish  book-entry  account,  is  registered  in  the
shareholders' register of the company.

A  shareholder, who is  registered in the  shareholders' register of the company
and  who wants  to participate  in the  General Meeting,  shall register for the
meeting  no later than  on Monday June  8, 2015 by 10.00 a.m. by  giving a prior
notice of participation. The notice has to be received by the company before the
end of the registration period. Such notice can be given:

a)  on the company's  website www.elektrobit.com, as  from May 20, 2015 at 2.30
p.m;
b)  by telephone +358 40 344 3322 or  +358 40 344 5425 on weekdays between 9.00
a.m. and 3.00 p.m.;
c) by telefax +358 8 343 032 or
d)  by  regular  mail  to  the  address Elektrobit Oyj, Yhtiökokous, Tutkijantie
8, 90590 Oulu.

The  shareholders  who  have  already  registered for the canceled Extraordinary
General  Meeting  concerning  the  company's  contemplated  partial demerger are
requested  to  register  again  for  the  General  Meeting  convened hereby. The
registrations  for the canceled Extraordinary  General Meeting do not constitute
due registration for this General Meeting.
In  connection with the  registration, a shareholder  shall notify his/her name,
personal  identification number  or business  identity code,  address, telephone
number  and the  name of  a possible  assistant or  proxy representative and the
personal  identification  number  of  a  proxy representative. The personal data
given  to Elektrobit  Corporation is  used only  in connection  with the General
Meeting and with the processing of related registrations.

The  shareholder,  his/her  authorized  representative  or  proxy representative
shall,  where  necessary,  be  able  to  prove  his/her identity and/or right of
representation at the General Meeting.

 2. Holders of nominee registered shares

A  holder  of  nominee  registered  shares  has  the right to participate in the
General  Meeting by virtue of such shares, based on which he/she on Monday, June
1, 2015 would  be entitled to be registered in the shareholders' register of the
company  held by Euroclear Finland Ltd. The  right to participate in the General
Meeting  requires, in addition, that the shareholder on the basis of such shares
has  been registered into the temporary shareholders' register held by Euroclear
Finland  Ltd  at  the  latest  on  Monday  June 8, 2015 by 10.00 a.m. As regards
nominee  registered  shares  this  constitutes  due registration for the General
Meeting.

A  holder of nominee registered  shares is advised to  request without delay the
necessary  instructions  regarding  registration  in the temporary shareholder's
register,  the  issuing  of  proxy  documents  and  registration for the General
Meeting  from his/her custodian bank. The account management organization of the
custodian  bank has to register a holder of nominee registered shares, who wants
to participate in the General Meeting, into the temporary shareholders' register
of the company at the latest by the time stated above.

Further  information on  the General  Meeting and  participation in  the General
Meeting is available on the company's website www.elektrobit.com.

 3. Proxy representative and powers of attorney

A shareholder may participate in the General Meeting and exercise his/her rights
at  the meeting  by way  of proxy  representation. A  proxy representative shall
produce  a dated  proxy document  or otherwise  in a reliable manner demonstrate
his/her right to represent the shareholder. If a shareholder participates in the
General  Meeting  by  means  of  several  proxy representatives representing the
shareholder  with shares at  different securities accounts,  the shares by which
each  proxy  representative  represents  the  shareholder shall be identified in
connection with the registration for the General Meeting.

Possible  proxy  documents  should  be  delivered  in  originals  to the address
Elektrobit  Oyj, Yhtiökokous, Tutkijantie 8, 90590 Oulu, Finland, before the end
of the registration period.


 4. Other information

Pursuant  to chapter  5, section 25 of  the Companies  Act, a shareholder who is
present at the General Meeting has the right to request information with respect
to the matters to be considered at the meeting.

On the date of this notice to the General Meeting May 20, 2015, the total number
of shares and votes in Elektrobit Corporation is 132,260,024.


Oulu, May 20, 2015,

Elektrobit Corporation
The Board of Directors


Further information:

Jukka Harju
CEO
Tel. +358 40 344 5466

Kari Jokela
Chief Legal Officer
Tel. +358 40 344 5258


Distribution:
NASDAQ OMX Helsinki
Principal media


Elektrobit Corporation (EB)
EB creates advanced technology and turns it into enriching end-user experiences.
EB  is specialized  in demanding  embedded software  and hardware  solutions for
wireless  and automotive  industries. The  net sales  in 2014 totaled EUR 224.1
million  and operating  profit was  EUR 16.8 million.  Elektrobit Corporation is
listed on NASDAQ OMX Helsinki. www.elektrobit.com


[HUG#1922831]