Elcoteq - Company Announcement

Selling of Elcoteq SE`s Tallinn Manufacturing Operations Completed

Elcoteq SE
Stock Exchange Release
August 3, 2009, at 09.30 am (EET)

Elcoteq SE and Ericsson have completed a transaction on July 31, 2009
whereby the majority of the machinery, equipment and materials of
Elcoteq's Tallinn manufacturing operations were sold to Ericsson. The
transaction included also the transfer of the lease agreement
concerning manufacturing premises and employment agreements related
to these operations.
Approximately 1,200 of Elcoteq's 1,600 employees in Tallinn were
transferred to Ericsson with existing terms and conditions of
employment. Elcoteq will continue operations in Tallinn on a smaller
scale in a specialized plant. Deliveries to Ericsson will continue
from other Elcoteq plants. European high volume manufacturing will be
concentrated in Elcoteq's plant in Pécs, Hungary.

ELCOTEQ SE

Minna Aila
Director, Investor Relations and Corporate Responsibility

Further information:
Jouni Hartikainen, President and CEO, +358 10 413 11
Mikko Puolakka, CFO, tel. +358 10 413 1287
Tommi Pettersson, President, Communications Networks, tel. +358 10
413 1654

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 flat panel TVs as well as Communications
Networks products such as base-stations, tower-top amplifiers, and
microwave systems.

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.