Report by the Board of Directors

Board of Directors, Board Committees And Auditor

The Annual General Meeting held on April 11, 2013 decided that the Board of Directors shall comprise five (5) members. Mr. Jorma Halonen, Mr. Juha Hulkko, Mr. Seppo Laine, Mr. Staffan Simberg and Mr. Erkki Veikkolainen were elected members of the Board of Directors for a term of office expiring at the end of the next Annual General Meeting.

At its assembly meeting held on April 11, 2013, the Board of Directors elected Mr. Seppo Laine Chairman of the Board. Further, the Board resolved to keep the Audit and Financial Committee with Mr. Staffan Simberg (Chairman of the committee) and Mr. Seppo Laine continuing as committee members and Mr. Erkki Veikkolainen as a new committee member.

In the Annual General Meeting held on April 11, 2013, Ernst & Young Ltd., authorized public accountants, was re-elected as the auditor of the Company for a term of office ending at the end of the next Annual General Meeting. Ernst & Young Ltd. notified that Mr. Jari Karppinen, authorized public accountant, will act as responsible auditor.

EBs Board of Directors and the rest of the management are presented in the corporate governance statement for the reporting period of January 1 – December 31, 2013 and at www.elektrobit.com.