Elektrobit Oyj : ELEKTROBIT CORPORATION (EB) SELLS ITS TEST TOOLS PRODUCT BUSINESS TO ANITE PLC AND PROVIDES ADVANCE INFORMATION

  Elektrobit Oyj : ELEKTROBIT CORPORATION (EB) SELLS ITS TEST TOOLS PRODUCT
 BUSINESS TO ANITE PLC AND PROVIDES ADVANCE INFORMATION ON ITS FOURTH QUARTER
              AND FULL YEAR 2012 NET SALES AND OPERATING RESULTS

STOCK EXCHANGE RELEASE

Free for publication on January 28, 2013, at 9.00 am (CET+1)

ELEKTROBIT CORPORATION (EB) SELLS ITS TEST TOOLS PRODUCT BUSINESS TO ANITE PLC
AND PROVIDES ADVANCE INFORMATION ON ITS FOURTH QUARTER AND FULL YEAR 2012  NET 
SALES AND OPERATING RESULTS

SALE OF THE TEST TOOLS PRODUCT BUSINESS

Elektrobit Corporation ("EB") and Anite plc ("Anite") have signed an agreement
on 28 of January  2013, under the terms  of which EB agrees  to sell its  Test 
Tools product business to Anite ("the Transaction"). The Transaction comprises
the sale  of the  shares of  EB's subsidiary  Elektrobit System  Test Ltd.,  a 
company based in Oulu,  Finland, and certain related  other assets in the  USA 
and China. EB's Test Tools  product business provides radio channel  emulation 
tools and testing solutions for  the development of the wireless  technologies 
and is a part of  the EB's Wireless Business Segment  employing a total of  54 
persons in Finland, USA and China.

The cash consideration payable to EB by  Anite as a result of the  Transaction 
is EUR  31.0  million on  a  cash  and debt  free  basis, subject  to  a  post 
completion adjustment based upon the level of net working capital and cash and
debt in the Test Tools  product business on January  31, 2013. The closing  of 
the Transaction results in a non-recurring net profit of about EUR 23  million 
in the first quarter of 2013, and non-recurring net cash flow of about EUR  28 
million, in the first half of 2013.  The net assets of the Test Tools  product 
business in January 31, 2013 are expected to be approximately EUR 5 million.

In 2012 and 2011 the net sales and operating profit of the Test Tools  product 
business were as follows:

(MEUR)                  2011 2012
Net sales               14.1 16.1
Operating profit (loss)  1.5  1.3

Part of  the common  cost base  of the  Wireless Business  Segment  previously 
allocated for  the Test  Tools product  business are  not be  included in  the 
Transaction and will  remain in  the Wireless  Business Segment  for the  time 
being.

Closing of the Transaction has been agreed to take place on January 31,  2013, 
subject to completion of customary closing events, such as payment of the cash
consideration.

"The market for EB's Test Tool products, radio channel emulators, is a global
niche market where  our Propsim products  have gained a  strong position  over 
years. However, as the only test product  line of EB, the Test Tools  business 
offered only limited  long term  growth opportunities  for EB.  For EB,  this 
transaction gives  good cash  consideration for  the business,  a  significant 
non-recurring profit  and  cash  increase, and  it  further  strengthens  EB's 
financial position. After this divestiture,  our Wireless Business Segment  is 
more focused in the markets which offer EB larger long term growth  potential. 
EB continues  to develop  and offer  products and  product platforms  for  the 
defense, public safety and industrial markets, and R&D services and customized
solutions for  the wireless  communications markets  and other  markets  using 
wireless connectivity  in  their  devices.  We believe  Anite  has  the  right 
capabilities and  is  very committed  to  further developing  the  Test  Tools 
product business as  part of a  broader range of  its testing solutions"  said 
Jukka Harju, CEO of Elektrobit Corporation.

"The increasing market  demand for  more integrated  wireless laboratory  test 
solutions makes Anite a  natural fit for  Propsim. Anite's established  market 
and technology  leadership,  and  its substantial  global  sales  and  support 
footprint, combined with the acknowledged expertise and market leading channel
emulation solutions in the Propsim brand, creates a dedicated supplier with  a 
more complete product offering. The product line we are buying is an excellent
addition and  a  good  fit  with Anite's  Handset  Testing  business  and  the 
acquisition  is  expected  to  be   enhancing  to  adjusted  earnings",   said 
Christopher Humphrey, Anite's Chief Executive.

ADVANCE INFORMATION ON EB'S  FOURTH QUARTER AND FULL  YEAR 2012 NET SALES  AND 
OPERATING RESULTS

EB will report its 2012 financial results, as provided by the IFRS5  standard, 
divided between  Continuing  and  Discontinuing  Operations,  and  Test  Tools 
product business  is  classified  as  Discontinuing  Operations  in  the  2012 
financial statements. Based on the preliminary information on annual  closing 
the following table illustrates net  sales and operating result of  Continuing 
and Discontinuing operations in 2012:


                               Continuing
2012                          operations Discontinuing operations Group Total
Net sales                           185.4                     16.1       201.5
Operating profit
(loss)                                2.5                      1.3         3.7

EB's net sales and operating  result of Continuing operations (excluding  Test 
Tools product business) were as follows:

Continuing operations   1Q 12 2Q 12 3Q 12 4Q 12 2H 12  2012
Net sales                45.0  43.6  44.3  52.6  96.8 185.4
Operating profit (loss)   0.8  -0.7   2.2   0.2   2.4   2.5

EB total, including Continuing and Discontinuing operations were as follows:

EB total                1Q 12 2Q 12 3Q 12 4Q 12 2H 12  2012
Net sales                48.6  48.0  47.0  57.9 104.9 201.5
Operating profit (loss)   0.9  -0.4   2.1   1.2   3.2   3.7

The operating profit for the  year 2012 presented above include  non-recurring 
items of approximately EUR 4 million in total, booked in the fourth quarter of
2012, as result of the  financial challenges faced by  a US based customer  of 
EB's subsidiary, Elektrobit Inc.,  as well as  non-recurring income and  costs 
related to the reorganization processes of TerreStar companies, booked earlier
in 2012, all as announced previously.

Earlier in the stock  exchange release published on  January 10, 2013,  before 
the Transaction and  including the  Test Tools product  business, EB  expected 
that the operating result  of the fourth quarter  of 2012 to be  approximately 
between EUR -0.4 million and EUR 1.1  million (EUR 3.5 million, 4Q 2011),  the 
operating result of the  second half of 2012  to be approximately between  EUR 
1.7 million and EUR 3.2 million (EUR 0.4 million, 2H 2011), and the  operating 
result of the whole year 2012 to be approximately between EUR 2.2 million  and 
EUR 3.7 million  (operating loss of  EUR -4.0 million  in 2011). The  expected 
operating results presented above included non-recurring items related to  the 
above mentioned US  customer that caused  the lowering of  the fourth  quarter 
profit guidance, as  well as  non-recurring income  and costs  related to  the 
reorganization processes of TerreStar companies, booked earlier in 2012.

Further, earlier EB expected the net sales of the fourth quarter of 2012 to be
approximately EUR 57 million (EUR 49.0 million  in 4Q 2011), the net sales  of 
the second half of 2012 was expected to be approximately EUR 104 million  (EUR 
86.1 million in 2H 2011) and the net sales of the whole year 2012 was expected
to be approximately EUR 200 million (EUR 162.2 million in 2011).

The advance  information is  unaudited and  it  is not  based on  a  financial 
statement  approved  by  the  Board  of  Directors.  Elektrobit  Corporation's 
Financial Statement Bulletin for January - December 2012 will be published  as 
previously announced on Tuesday February 19, 2013.

Oulu, January 28, 2013

Elektrobit Corporation (EB)
Jukka Harju
CEO

Further information:
Jukka Harju
CEO, Elektrobit Corporation
Tel. + 358 40 344 5466

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 for the  year 
2011 totaled  MEUR  162.2. Elektrobit  Corporation  is listed  on  NASDAQ  OMX 
Helsinki. www.elektrobit.com

Anite plc
Anite plc, an international  software and solutions  company, operates in  two 
discrete markets:  we  provide  device  and network  testing  systems  to  the 
wireless market and reservation and e-commerce solutions to the leisure travel
industry. The  success  of  both  divisions is  based  on  our  comprehensive 
knowledge of  the  sectors  and  on  our  proprietary  software  and  hardware 
products.
Our 530 staff  work with the  world's leading wireless  and travel  companies, 
from our headquarters in  the UK and from  offices in 15 countries  throughout 
Europe, the Americas, Asia and the Middle East. www.anite.com

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Source: Elektrobit Oyj via Thomson Reuters ONE
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