Report By the Board of Directors

Flagging Notifications

On May 12, 2014 EB received a flagging announcement pursuant to chapter 9, section 5 of the Finnish Securities Markets Act, according to which the number of Juha Hulkko´s holdings of the shares and voting rights have decreased below the 20 per cent flagging threshold. The decrease took place on May 12, 2014.

On October 28, 2014 EB received a flagging announcement pursuant to chapter 9, section 5 of the Finnish Securities Markets Act, according to which the number of Elektrobit Corporation´s shares increased on October 28, 2014 through share subscriptions pursuant to stock options, totaling to 131,407,100 shares, resulting in the decrease in the holdings of the shares and voting rights of Juha Hulkko below the 15 per cent flagging threshold. The decrease took place on October 28, 2014. The aggregate holdings of Juha Hulkko total to 19,701,862 shares in Elektrobit Corporation, corresponding to 14.99 per cent of the Elektrobit Corporation´s shares and voting rights.