Elcoteq - Company Announcement

ELCOTEQ LAUNCHES A NEW INCENTIVE PLAN

ELCOTEQ SE         Stock Exchange Release    February 11, 2009 at 9:30 am (EET)

The Board of Directors of Elcoteq SE has decided to approve an incentive plan
for the motivation and commitment of the company's key personnel by means of a
share subscription plan. 
The potential reward from the plan is based on reaching the targets set by the
Board of Directors for the Group's consolidated income before taxes for the
first and second half of year 2009. Based on the achieved targets the company
would issue a maximum of 1,500,000 new series A shares of which 50% would be
issued during June 2010 and the remaining 50% during January 2011. 
The new series A shares, if any, will be issued according to and under the
authorization granted to the Board of Directors in the company's Articles of
Association. 
Enclosure: Terms and Conditions of the Share Subscription Plan 2009
ELCOTEQ SE 

Minna Aila
Director, Investor Relations and Corporate Responsibility

Further information:

Mikko Puolakka, CFO, tel. +358 10 413 1287
Markus Kivimäki, SVP, Legal Affairs, tel. +358 10 413 1248
Minna Aila, Director, Investor Relations and Corporate Responsibility, 
tel. +358 10 413 1908

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 Personal Communications products such as mobile phones and their parts,
Home Communications products such as set-top boxes and electronics for flat
panel TVs as well as Communications Networks products such as base-stations,
tower-top amplifiers, and microwave systems. 

Elcoteq operates in 15 countries on four continents and employs some 17,000
people. The Group's consolidated net sales for 2008 totaled 3.4 billion euros.
Elcoteq SE is listed on the Nasdaq OMX Helsinki Ltd.  For more information
visit the Elcoteq website at www.elcoteq.com.

Attachments:

terms and conditions of the share subscription plan 2009.pdf