Elektrobit Oyj - Financial Calendar

RESOLUTIONS BY EB, ELEKTROBIT CORPORATION'S ANNUAL GENERAL MEETING OF SHAREHOLDERS

STOCK EXCHANGE RELEASE

Free for publication on 25 March, 2010, at 4.00 pm (CET+1)



RESOLUTIONS   BY   EB,   ELEKTROBIT  CORPORATION'S  ANNUAL  GENERAL  MEETING  OF
SHAREHOLDERS



EB, Elektrobit Corporation's Annual General Meeting was held on 25 March 2010 at
1 pm  at the University  of Oulu, Saalastinsali,  Pentti Kaiteran katu 1, 90590
Oulu,  Finland. The General Meeting adopted  the consolidated and parent company
annual  accounts  for  the  financial  year  2009 and  discharged  the company's
management from liability.



PAYMENT OF DIVIDEND



The  General Meeting  decided in  accordance with  the proposal  of the Board of
Directors that no dividend shall be distributed.



COMPOSITION AND REMUNERATION OF THE BOARD OF DIRECTORS



The  General Meeting fixed  the number of  members of the  Board of Directors to
five  (5). Mr.  Jorma Halonen,  Mr. Juha  Hulkko, Mr.  Seppo Laine,  Mr. Staffan
Simberg  and  Mr.  Erkki  Veikkolainen  were  elected  members  of  the Board of
Directors.  The term of office of the  members of the Board of Directors expires
at the end of the next Annual General Meeting following the election.



At  its  assembly  meeting  held  on  25 March  2010, the Board of Directors has
elected  Mr. Seppo Laine Chairman of the  Board. Further, the Board has resolved
to  keep the Audit and Financial Committee with Mr. Staffan Simberg (Chairman of
the  committee) and  Mr. Seppo  Laine as  committee members.  There are no other
committees  and thus the previous business segment based committees, Automotive-
and Wireless- committees, will be discontinued.



The  General Meeting decided that the remuneration for the Chairman of the Board
shall  be EUR 3,500 per month and that the remuneration for the other members of
the  Board of  Directors shall  be EUR  2,000 per month.  In addition, the Board
members  are entitled to compensation for  the attended Board Committee meetings
as  follows: the Chairman  of the Committee  EUR 600 for each  meeting and other
Committee  members EUR 400 for each meeting.  The travel expenses of the members
of  the Board of Directors shall be  reimbursed in accordance with the company's
travel policy.



ELECTION AND REMUNERATION OF THE AUDITOR



The  General Meeting re-elected  Ernst & Young  Oy, authorized public accountant
firm,  auditor  of  the  company.  Ernst  &  Young Oy has notified that Mr. Jari
Karppinen  will act  as responsible  auditor. The  remuneration for  the auditor
shall be paid against the auditor's reasonable invoice.



AMENDMENT OF THE ARTICLES OF ASSOCIATION



The  General Meeting  decided in  accordance with  the proposal  of the Board of
Directors  to amend section 7 of  the Articles of Association  of the company so
that  notice to the  General Meeting shall  be delivered three  weeks before the
General  Meeting, at the latest, however no less than 9 days prior to the record
date of the General Meeting.



AUTHORIZING THE BOARD OF DIRECTORS TO DECIDE ON THE REPURCHASE OF OWN SHARES



The General Meeting decided to authorize the Board of Directors to decide on the
repurchase of the company's own shares as follows.



The  amount of own shares to  be repurchased shall not exceed 12,500,000 shares,
which  corresponds to approximately  9.66 per cent of  all of the  shares in the
company.  Only the unrestricted equity of the  company can be used to repurchase
own shares on the basis of the authorization.



Own shares can be repurchased at a price formed in public trading on the date of
the repurchase or otherwise at a price formed on the market.

The  Board of Directors decides  how own shares will  be repurchased. Own shares
can be repurchased using, inter alia, derivatives. Own shares can be repurchased
otherwise than in proportion to the shareholdings of the share-holders (directed
repurchase).



The  authorization cancels the authorization given by the General Meeting on 19
March 2009 to decide on the repurchase of the company's own shares.



The authorization is effective until 30 June 2011.



AUTHORIZING  THE BOARD OF DIRECTORS TO DECIDE  ON THE ISSUANCE OF SHARES AS WELL
AS THE ISSUANCE OF OPTIONS AND OTHER SPECIAL RIGHTS ENTITLING TO SHARES



The General Meeting decided to authorize the Board of Directors to decide on the
issuance  of shares as well as the  issuance of options and other special rights
entitling  to shares referred to in chapter 10 section 1 of the Companies Act as
follows.



The  amount of  shares to  be issued  shall not  exceed 25,000,000 shares, which
corresponds to approximately 19.32 per cent of all of the shares in the company.



The  Board of Directors decides on all  the conditions of the issuance of shares
and  of special rights entitling to  shares. The authorization concerns both the
issuance  of new shares as well as the transfer of treasury shares. The issuance
of  shares  and  of  special  rights  entitling  to shares may be carried out in
deviation from the shareholders' pre-emptive rights (directed issue).



The  authorization cancels the authorization given by the General Meeting on 19
March  2009 to  decide  on  the  issuance  of  shares as well as the issuance of
options and other special rights entitling to shares.



The authorization is effective until 30 June 2011.



DISTRIBUTION OF FUNDS FROM THE SHARE PREMIUM FUND



The  General Meeting  decided in  accordance with  the proposal  of the Board of
Directors  that the shareholders will be distributed EUR 0.20 per share from the
parent  company's share premium  fund, corresponding at  the date of the General
Meeting  an aggregate amount of EUR [25,882,538]  based on the number of shares,
provided  that  the  company  will  receive  consent  for  this from the Finnish
National Board of Patents and Registration.



The  General  Meeting  further  decided  to  authorize the Board of Directors to
decide  on  the  record  date  and  payment  date of the distribution as soon as
possible  after  the  consent  of  the  Finnish  National  Board  of Patents and
Registration  on the distribution  of the share  premium fund has been received,
which is expected to take place in July 2010, at the earliest.



The Board of Directors will, as a result of the decision of the General meeting,
amend    the    share    subscription    right    for    the    option    rights
2005B, 2005C, 2005D, 2006A, 2008A and  2008B by reducing  the share subscription
price  by the same amount  per share that is  distributed from the share premium
fund, i.e. by EUR 0.20.



TRANSFER OF THE FUNDS FROM THE SHARE PREMIUM FUND TO THE INVESTED NON-RESTRICTED
EQUITY FUND



The  General Meeting  decided in  accordance with  the proposal  of the Board of
Directors  that the share premium fund in  the parent company's balance sheet as
at  31 December 2009 will be decreased by transferring to the company's invested
non-restricted  equity fund  all the  funds remaining  in the share premium fund
after the distribution of the share premium fund, provided that the company will
receive  consent for the decrease from the Finnish National Board of Patents and
Registration. The decrease becomes effective when the procedure has ended.



Oulu, 25 March 2010



Elektrobit Corporation

The Board of Directors



Additional information:



Mr. Panu Miettinen

Chief Financial Officer, Elektrobit Corporation

Tel. +358 40 344 5338



Ms. Päivi Timonen

Chief Legal Officer, Elektrobit Corporation

Tel. +358 40 344 2794



Attachment:

Articles of Association



Distribution:

NASDAQ OMX Helsinki

Main 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
wireless  and automotive industries. The company's  net sales for the year 2009
totaled  EUR  153.8 million.  Elektrobit  Corporation  is  listed  on NASDAQ OMX
Helsinki. www.elektrobit.com. <http://www.elektrobit.com/>





ATTACHMENT: THE ARTICLES OF ASSOCIATION OF ELEKTROBIT CORPORATION


1. Company name and domicile

The name of the company is Elektrobit Oyj, in English Elektrobit Corporation,
and its domicile is Oulu.

2. Objects of the company

The company's field of activities is the development, production and selling of
software, equipment and other products for the automotive and electronics
industry, the production of R&D services and other services as well as other
industrial operations. The company may administer product and other rights and
conduct research- and development operations, hold and trade securities and
real-estate and conduct other investment activities.

3. Board of Directors

The Board of Directors accounts for the administration of company and the proper
organization of its operations. The Board of Directors shall have no less than
three (3) and no more than seven (7) members and may have one to three (1-3)
deputy members.

The term of office of the members of the Board of Directors expires at the end
of the following Annual General Meeting.

4. Chief Executive Officer

The company has a Chief Executive Officer appointed by the Board of Directors.

5. Representing

Persons representing the company are the Chairman of the Board and the Chief
Executive Officer, separately, and any two members of the Board of Directors
together.

6. Auditors

The company shall have one (1) auditor that has qualified as Certified Public
Accountant and if the auditor is not an auditing company as defined by the law,
one (1) deputy auditor shall be elected.

The term of office of the auditor expires at the end of the following Annual
General Meeting.

7. Notice to the meeting and registration

The notice convening a General Meeting shall be delivered not earlier than three
months and not later than three weeks before the meeting, however no less than
9 days prior to the record date of the General Meeting, by publishing it on the
company's website or in one or more newspapers decided by the Board of Directors
or by delivering the notice to each shareholder by a letter posted to the
address reported by the shareholder in the shareholders register.

A shareholder has the right to participate in the General Meeting when he/she
has signed in for the meeting to the company not later than the day mentioned in
the notice, which day may not be earlier than ten (10) days before the meeting.

8. Annual General Shareholders' Meeting

The Annual General Meeting of the shareholders shall be held annually on the
date appointed by the Board of Directors before the end of June.

At the meeting shall be

presented
1. the financial statement of the company and
2. auditor's report,

decided
3. upon the adoption of the financial statement,
4. upon measures to which the profit of the adopted balance sheet may give
cause,
5. upon granting of the discharge from liability to the Board members and the
Chief Executive Officer,
6. upon the number of the Board members,
7. upon the remuneration and the grounds of compensation of travel costs of the
Board members,

elected
8. the Board members and, when needed, deputy members and,
9. the company's auditor and, when needed, deputy for the auditor.

9. Financial period

The financial period of the company is a calendar year.

10. Book-entry system

The shares of the company are recorded into the book-entry system.


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