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Elektrobit Group Oyj - Chief Technology Officer to Elektrobit Group

November 01, 2005

Chief Technology Officer to Elektrobit Group

Mr Reijo Paajanen, M.Sc, has been appointed Chief Technology Officer (CTO) in Elektrobit Group as of 1 November 2005.

Mr Paajanen has worked earlier in various assignments related to research, product development and business management inter alia in Nokia Corporation.

As Elektrobit Group's Chief Technology Officer Mr Paajanen shall be responsible for the research function and the development of core competences and technologies within the Elektrobit Group. CTO Paajanen will report to Mr Juha Hulkko, CEO of Elektrobit Group Plc.

In Oulunsalo, 1 November 2005

ELEKTROBIT GROUP PLC.

Juha Hulkko

CEO