Elcoteq - Company Announcement

Quorum Requirement Will Not Be Met in Elcoteq´s Extraordinary General Meeting on January 22, 2010

Elcoteq SE
Stock Exchange Release
January 20, 2010 at 9.30 am (EET)

On December 21, 2009, Elcoteq SE published an invitation to the Extraordinary
General Meeting of shareholders to be held in Luxemburg on January 22, 2010 to
decide on actions supporting the execution of balance sheet restructuring and
equity investment project.

In conformity with Article 61 of the Articles of Association, the decision of
this Extraordinary General Meeting shall be carried by the qualified majority of
two-third (2/3) of the votes cast and of the aggregate par value of the shares
present or represented at the meeting, taking into account that at least half of
the series A shares and half of the series K shares needs to be present or
represented.

The notification period for the meeting expired on January 18, 2009 at 4.00 pm
CET. By that date, about 22.4% of the series A shares and 100% of the series K
shares enrolled to the meeting. Hence, as anticipated by the company, the quorum
requirement will not be met in the Extraordinary General Meeting on January
22, 2010.

Therefore, as announced earlier, the company will convene a second Extraordinary
General Meeting and the invitation to this second meeting will be published
later on.

The second meeting shall validly deliberate regardless of the proportion of the
capital represented and the resolutions, in order to be adopted, must be carried
by at least two-thirds of the votes cast.

ELCOTEQ SE

Satu Jaatinen
Communications Manager

Further information:
Markus Kivimäki, SVP, Legal Affairs, tel. +358 10 413 1248

About Elcoteq

Elcoteq SE is a leading electronics manufacturing services (EMS) company in the
communications technology field. Elcoteq's global service offering covers the
entire lifecycle of products, from product development to after-market services.
By further combining mechanics expertise into its service offering, Elcoteq's
vision is to be a leading integrated electronics manufacturing services (IEMS)
company.

Elcoteq provides global end-to-end solutions consisting of product development
services, supply chain management, NPI, manufacturing, and after market services
for the whole lifecycle of its customers' products. These products include
Consumer Electronics products such as mobile and wireless phones, their parts
and accessories, set-top boxes, flat panel TVs and other consumer products as
well as System Solutions products such as wireless and wireline infrastructure
systems and modules, enterprise network products and other industrial segment
products.

The Group's consolidated net sales for 2008 totaled 3.4 billion euros and it
employs approximately 11,000 persons. Elcoteq SE is listed on the Nasdaq OMX
Helsinki Ltd.  For more information visit the Elcoteq website at
www.elcoteq.com.



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