Elektrobit Corporation (EB): Announcement pursuant to chapter 9, section 10 of the Finnish Securities Markets Act

Stock exchange release

Free for publication on May 12, 2014 at 10.00 p.m. (CEST+1)

Elektrobit Corporation (EB): Announcement pursuant to chapter 9, section 10 of
the Finnish Securities Markets Act

Elektrobit   Corporation   (EB)  has  received  on  May  12, 2014 the  following
notification:

FLAGGING ANNOUNCEMENT PURSUANT TO CHAPTER 9, SECTION 5 OF THE FINNISH SECURITIES
MARKETS ACT

1. Issuer of the shares
Elektrobit Corporation, business identity code 1004129-5

2. Name of the shareholder subject to notification obligation
Juha Hulkko

3. Reason for the notification
The  purchase or divestment of the shares  or voting rights. The holdings of the
shares  and  voting  rights  have  decreased  below  the  20 per  cent  flagging
threshold.  The decrease took  place on May  12, 2014. The aggregate holdings of
Juha  Hulkko total to 25,801,862 shares in Elektrobit Corporation, corresponding
to 19.69 per cent of the Elektrobit Corporation's shares and voting rights.

The  total number of shares in Elektrobit Corporation is 131,071,245. The shares
of  Elektrobit  Corporation  are  listed  on  the  NASDAQ  OMX Helsinki Ltd. The
Corporation has one series of shares. Each share has one vote.

Oulu, May 12, 2014

Elektrobit Corporation
Jukka Harju
CEO

Further information:
Päivi Timonen
Elektrobit Corporation
Chief Legal Officer
Tel. +358 40 344 2794

Distribution:
Principal media
NASDAQ OMX Helsinki

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 2013 totaled EUR 199.3
million  and  operating  profit  was  EUR 8.1 million. Elektrobit Corporation is
listed on NASDAQ OMX Helsinki. www.elektrobit.com

[HUG#1784737]