Report By the Board of Directors

Changes in the Company´s Management

Kari Jokela (LL.M. / Mag.Iur.), 45, was appointed Chief Legal Officer of Elektrobit Corporation as of September 1, 2014. He will report to Jukka Harju, CEO. Kari Jokela has been working for EB as Senior Legal Counsel since 2007 in both Automotive and Wireless Business Segments in Finland and in Germany, having the focus on business agreements. Before that, he has worked as Legal Counsel in Polar Electro Ltd and in Attorneys Office Gilbert, Segall and Young Ltd. On May 7, 2014 EB announced that the employment of Päivi Timonen, Chief Legal Officer, will end in the autumn 2014 as she will assume a new role outside of EB.