Report by the Board of Directors

Significant Events after the Reporting Period

A total of 508,697 new shares in Elektrobit Corporation were subscribed between December 5, 2013 and January 28, 2014 by virtue of the option rights 2008A and 2008B. The share subscription price, EUR 150,254.85, was recorded in the Company´s invested non-restricted equity fund. The corresponding increase in the number of the Company´s shares was entered into the Finnish Trade Register on February 10, 2014. Trading with the newly registered shares started on February 11, 2014 in NASDAQ OMX Helsinki. After the registration of the new shares, the number of shares in Elektrobit Corporation´s totals 130,609,572.