Free for publication on February 15, 2007 at 8.00 am. EET Elektrobit Group Plc. Stock Exchange Release ELEKTROBIT GROUP PLC'S ANNUAL GENERAL SHAREHOLDERS MEETING The Shareholders of Elektrobit Group Plc. are invited to the Annual General Meeting on March 14, 2007 at 1.00 p.m. (EET) in the Oulunsalo-talo, Mäntypellonpolku 10, 90460 Oulunsalo The meeting shall consider the following matters: 1. The matters to be resolved upon in the Annual General Meeting of Shareholders according to chapter 5, section 3 of the Companies Act and considered under section 11 of the Articles of Association of the company 2. A proposal by the Board of Directors to amend the Articles of Association of the company The Board of Directors proposes to the Annual General Meeting that the Articles of Association be amended. The amendments are mainly due to the new Companies Act, which entered into force on 1 September 2006 and which no longer stipulates that certain information that is mainly attributable to the law is included in the Articles of Association of the company. The amendments are mainly of technical nature. Additionally, a change of the company name is proposed. The main content of the proposed amendments is the following. - The company name is changed into Elektrobit Oyj, in English Elektrobit Corporation (section 1). - Sections 3, 4 and 5 concerning share capital of the company, number of shares and voting rights attached to the shares are removed as redundant. - Section 8 concerning the right to sign for the company is amended to correspond to the wording of the Companies Act. - Section 10 concerning the notice of a General Meeting is amended to the effect that the notices can be delivered not earlier than three months prior to the General Meeting instead of the current four weeks. - The list of matters to be considered at the Annual General Meeting of Shareholders is amended to correspond to the amended legislation (section 11). - The reference concerning the date of registration in section 13 regarding the Book-entry System is removed as redundant. - Section 14 concerning record date procedure is removed as redundant. - The numbering of the sections in the Articles of Association is amended correspondingly due to the above amendments. 3. A proposal by the Board of Directors to authorize the Board of Directors to repurchase shares of the company The Board of Directors proposes to the Annual General Meeting that the Board of Directors of the company be authorized to resolve on a repurchase of the company's own shares as follows. The amount of the repurchased own shares shall not be more than 12,500,000 shares, which represents approximately 9.66 per cent of all the shares of 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 repurchase or otherwise on the market. The Board of Directors shall resolve how the repurchase of shares is carried out. The repurchase can be carried out by using, among others, derivatives. Shares may be repurchased also otherwise than in proportion to the shares owned by the shareholders of the company (directed repurchase of shares). The authorization is effective until 30 June 2008. 4. A proposal by the Board of Directors to authorize the Board of Directors to resolve on a share issue and issue of stock options and other special rights entitling to shares The Board of Directors proposes to the Annual General Meeting that the Board of Directors of the company be authorized to resolve on the issuance of shares and stock options and other special rights entitling to shares subject to chapter 10, section 1 of the Companies Act as follows. The aggregate number of shares issued on the basis of the authorization may not exceed 25,000,000 shares, which represents approximately 19.3 per cent of all the shares of the company. The Board of Directors is authorized to resolve on all the terms and conditions concerning the issue of shares and stock options and other special rights entitling to shares. The authorization concerns both the issuance of new shares and transfer of the company's own shares. Issuance of shares and other special rights entitling to shares can be carried out as a directed issue. The authorization is effective until 30 June 2008. COMPOSITION OF THE BOARD OF DIRECTORS Shareholders representing altogether approximately 49.2 % of all the shares of the company have notified that they will propose to the Annual General Meeting of Shareholders that the number of Board members is fixed to six and the following persons are elected as Board members: J.T. Berqvist, Jukka Harju, Juha Hulkko, Matti Lainema, Juha Sipilä and Tapio Tammi. ELECTION OF THE AUDITORS Shareholders representing altogether approximately 49.2 % of all the shares of the company have notified that they will propose to the Annual General Meeting of Shareholders that Ernst & Young Oy, an auditing entity authorized by the Central Chamber of Commerce, be elected as the auditor of the company. PAYMENT OF DIVIDEND The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.11 per share be paid for the financial year 2006. Dividend is paid to shareholders that have been entered into the shareholders' register maintained by the Finnish Central Securities Depository Ltd on the record date for the payment of dividend. The Board of Directors proposes that the record date for the payment of dividend is 19 March 2007 and the payment date of the dividend is from 26 March 2007. ANNUAL ACCOUNTS AND PROPOSALS OF THE BOARD OF DIRECTORS The Annual Accounts and the proposals of the Board of Directors are available to the shareholders as of 7 March 2007 on the company's Internet pages in the address www.elektrobit.com/sijoittajat. A shareholder shall be delivered a copy of the above-mentioned documents upon request. PARTICIPATION IN THE ANNUAL GENERAL MEETING Only a shareholder who - on 4 March 2007 has been registered as a shareholder in the shareholders' register of the Company maintained by Finnish Central Securities Depository Ltd; and - has registered himself to the Annual General Meeting in the manner described below at the latest on Friday, 9 March 2007 at 4.15 p.m. (EET) has the right to participate at the Annual General Meeting of Shareholders. REGISTRATION INTO THE SHAREHOLDERS' REGISTER A shareholder whose shares have been registered into his personal book-entry account with the Finnish Central Securities Depository Ltd is automatically entered into the shareholders' register of the company. Holder of nominee- registered shares can be temporarily entered into the shareholders' register of the company for the purpose of participating at the Annual General Meeting. Holders of nominee-registered shares should therefore contact their custodian well in advance of the Annual General Meeting. The temporary registration must be in force on 4 March 2007. REGISTRATION FOR THE ANNUAL GENERAL MEETING A shareholder must register for the Annual General Meeting at the latest on Friday, 9 March 2007 at 4.15 p.m. (EET) as follows: - by phone +358 40 344 3322; - by fax +358 8 570 1304; - by e-mail yhtiokokous@elektrobit.com; or - by mail Elektrobit Group Oyj, Yhtiökokous, PL 45, 90461 Oulunsalo. AUTHORIZATION If the Annual General Meeting is attended by proxy, the Power of Attorney is requested to be delivered at the latest on Friday, 9 March 2007 at 4.15 p.m. (EET) to the above postal address. ANNUAL REPORT Annual Report is available as of 7 March 2007 on the company's Internet pages in the address www.elektrobit.com/sijoittajat In Oulunsalo, on February 14, 2007 Elektrobit Group Oyj Board of Directors Further information: Maija-Liisa Fors Director, Investor Relations Elektrobit Group Plc. Tel. +358 40 344 2875 Distribution: The Helsinki Stock Exchange Principal media About Elektrobit Elektrobit is a technology company specialized in embedded software and hardware solutions for selected automotive and wireless environments. Elektrobit delivers software systems and navigation solutions for cars, advanced reference design terminals, IP radio base station modules, as well as R&D services and testing, material handling and process automation equipment for the electronics industry and teleoperators. Elektrobit employs some 2,000 professionals in 13 countries. The net sales for the year 2006 totalled MEUR 181.5. Elektrobit Group Plc. is listed on OMX Helsinki. www.elektrobit.com