Elcoteq - Changes board/management/auditors

President and CEO Jouni Hartikainen resigns

Elcoteq SE
Stock Exchange Release
August 5, 2011 at 15:00 (EET)


President and CEO Jouni Hartikainen has today resigned from his position.
According to Mr. Hartikainen, his ability to manage the company and to
objectively safeguard the benefits of all the company's stakeholders became
impossible due to the recent actions by the revolving credit facility lenders.

The Board of Directors assume the responsibilities of Mr. Hartikainen but have
asked him to provide his continuous support to the company during his notice
period.

ELCOTEQ SE

The Board of Directors


Contact:
Jorma Vanhanen, Chairman of the Board, tel. +358 10 413 11.
About Elcoteq

Elcoteq SE is an experienced Life Cycle Service Partner in electronics with a
global network of service centers. Elcoteq provides a wide range of services to
original equipment manufacturers (OEM) and to service providers such as
operators, retailers and insurance companies.

Elcoteq's Electronics Manufacturing Services (EMS) Business Segment provides
global supply chain solutions such as Engineering and Manufacturing Services but
also technology and component Sourcing, custom Configuration, Testing, Delivery
and other product supply related Services. EMS products range from control and
security, communications infrastructure and lighting solutions to special
purpose mobile devices and home entertainment systems.

Elcoteq's After Market Services (AMS) Business Segment provides globally reverse
supply chain solutions for its customers consisting of Reverse Logistics, Depot
Repair, Refurbishment, Recycling and Salvaging Services as well as AMS specific
Engineering and Customer Support Services. AMS products range from mobile
phones, tablets, flat panel TV's and set-top boxes to personal navigation and
gaming devices.

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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