Elektrobit Oyj: EUR 20 million credit facility agreements for Elektrobit Corporation (EB)

   Elektrobit Oyj: EUR 20 million credit facility agreements for Elektrobit
                               Corporation (EB)

Stock exchange release

Free for publication on July 2, 2014 at 6.30 p.m. (CEST+1)

EUR 20 million credit facility agreements for Elektrobit Corporation (EB)

Elektrobit  Corporation  (EB)  has  signed  EUR  10  million  credit  facility 
agreement with Nordea  Bank Finland  Plc and  EUR 10  million credit  facility 
agreement with Pohjola Bank  Plc on July 2,  2014. These agreements,  intended 
for general financing  purposes, are  valid until  June 30,  2017 and  include 
conventional covenants  that  are,  among others,  related  to  equity  ratio, 
transfer and pledge of the assets.

These credit facility agreements replace EUR 20 million credit facilities from
Nordea Bank Suomi plc, which were valid until 30.6.2014.

Oulu, July 2, 2014

Elektrobit Corporation
Jukka Harju
CEO

Further information:

Jukka Harju
CEO
Tel. +358 40 344 5466

Veli-Pekka Paloranta
CFO
Tel. +358 40 344 2793

Distribution:

NASDAQ OMX Helsinki
Principal media

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

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Source: Elektrobit Oyj via Globenewswire
HUG#1811690
 
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