Elektrobit Oyj : THE SALE OF ELEKTROBIT CORPORATION'S (EB) TEST TOOLS PRODUCT BUSINESS TO ANITE PLC HAS BEEN COMPLETED

Elektrobit Oyj : THE SALE OF ELEKTROBIT CORPORATION'S (EB) TEST TOOLS PRODUCT
                   BUSINESS TO ANITE PLC HAS BEEN COMPLETED

STOCK EXCHANGE RELEASE

Free for publication on January 31, 2013, at 4.00 pm (CET+1)

THE SALE OF ELEKTROBIT CORPORATION'S (EB) TEST TOOLS PRODUCT BUSINESS TO ANITE
PLC HAS BEEN COMPLETED

The sale of  Elektrobit Corporation's  ("EB") Test Tools  product business  to 
Anite plc ("Anite") has been completed  today. The cash consideration paid  by 
Anite to EB as a result of the Transaction was 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. EB announced the  transaction in its stock  exchange release on  January 
28, 2013.

Oulu, January 31, 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
HUG#1674652
 
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