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Elektrobit Group Oyj - THE EXTRAORDINARY GENERAL MEETING OF ELEKTROBIT CORPORATION (EB) RESOLVED TO DISTRIBUTE EUR 0.11 PER SHARE AS A CAPITAL REPAYMENT

December 04, 2013

THE EXTRAORDINARY GENERAL MEETING OF ELEKTROBIT CORPORATION (EB) RESOLVED TO DISTRIBUTE EUR 0.11 PER SHARE AS A CAPITAL REPAYMENT


STOCK EXCHANGE RELEASE

Free for publication on December 4, 2013 at 1.45 p.m. (CET+1)

THE EXTRAORDINARY GENERAL MEETING OF ELEKTROBIT CORPORATION (EB) RESOLVED TO DISTRIBUTE EUR 0.11 PER SHARE AS A CAPITAL REPAYMENT

The Extraordinary General Meeting of Elektrobit Corporation (EB) was held on Wednesday December 4, 2013 at 1.00 p.m. at the University of Oulu, Saalastinsali, at the address Pentti Kaiteran katu 1, 90570 Oulu, Finland. The General Meeting resolved in accordance with the proposal of the Board of Directors that on the basis of the financial statements adopted for the financial period ended on December 31, 2012, funds from the invested non-restricted equity fund be distributed to shareholders as a repayment of capital, with the capital repayment amounting to EUR 0.11 per share. The aggregate amount of the distribution based on the number of shares as of the date of the General Meeting would amount to EUR 14,311,096.25. The repayment of capital will be paid to shareholders recorded in the company's register of shareholders maintained by Euroclear Finland Ltd. on the record date of the capital repayment, December 10, 2013. The repayment of capital shall be paid on December 17, 2013.

As a result of the capital repayment the subscription prices of shares pursuant to the series 2008A-C stock options will be reduced with the amount of the capital repayment per share on the record date of the capital repayment in accordance with the terms of the stock options. Hence the share subscription price pursuant to stock options 2008A will reduce to EUR 0.07, pursuant to stock options 2008B to EUR 0.73 and pursuant to stock options 2008C to EUR 0.61.
                                                                                                     
On the date of the General Meeting, December 4, 2013, the total number of shares in Elektrobit Corporation is 130,100,875.

Oulu, December 4, 2013

Elektrobit Corporation
The Board of Directors

Further information:

Jukka Harju
CEO
Tel. + 358 40 344 5466

Päivi Timonen
Chief Legal Officer
Tel. + 358 40 344 2794

Distribution:

NASDAQ OMX Helsinki
Principal media

Elektrobit (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 from continuing operations in 2012 totaled MEUR 185.4. Elektrobit Corporation is listed on NASDAQ OMX Helsinki. www.elektrobit.com