STOCK EXCHANGE RELEASE Available for publication on November 19th 2008 at 7.52 pm. (CET+1) EB, ELEKTROBIT CORPORATION, JUHA HULKKO ELECTED AS THE CHAIRMAN OF THE BOARD The Board of Directors of EB has elected M.Sc Juha Hulkko as the new Chairman of the Board. Jukka Harju, Seppo Laine, Staffan Simberg and Erkki Veikkolainen will continue to serve as EB Board members. EB announced in its stock exchange release on November 18th 2008 that J.T. Bergqvist has resigned from the chairmanship and membership of the Board of EB. Further the Board of Directors of EB has decided to establish three committees to prepare matters falling within the competence of the Board. The committees are audit and financial committee (Chairman Seppo Laine) and committees for Automotive (Chairman Jukka Harju) and Wireless (Chairman Erkki Veikkolainen) segments. November, 19, 2008 Elektrobit Corporation Board of Directors Further information: Pertti Korhonen CEO Tel. +358 40 344 5466 Outi Torniainen Director, Communications and Marketing Tel. +358 40 512 1375 DISTRIBUTION: OMX Nordic Exchange Helsinki Main 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 2007 totaled EUR 144.3 million. Elektrobit Corporation is listed on the OMX Nordic Exchange Helsinki. www.elektrobit.com