Elcoteq - Changes board/management/auditors

Mr. François Pauly resigns from the Board of Directors of Elcoteq SE

Elcoteq SE
Stock Exchange Release
July 12, 2011 at 9.45 am (EET)

Mr. François Pauly has announced his resignation from the Board of Directors of
Elcoteq SE with an immediate effect. Mr. Pauly was elected to the Company's
Board for the first time at the Annual General Meeting held on March 25, 2008.
Mr. Pauly resigns from the Board of the Company at his own request to avoid any
conflicts of interest due to his recent appointment as the Managing Director of
Dexia BIL and to allocate his time effectively to this new appointment.

ELCOTEQ SE

Jorma Vanhanen
Chairman of the Board of Directors

Further information:
Jouni Hartikainen, President and CEO, +358 10 413 11



About Elcoteq

Elcoteq SE is the global Life Cycle Service Partner for high-tech product and
service companies. Elcoteq has a proven track record in electronics
manufacturing and after market services and a global service network close to
its customers coupled with modern manufacturing and testing equipment and
consistent systems and processes.

Elcoteq's Electronics Manufacturing Services (EMS) Business Segment provides its
customers globally with engineering, manufacturing and fulfillment services. EMS
products include mobile phones and their accessories, set-top boxes, LED
lighting products, flat panel TVs, infrastructure systems and other industrial
segment products.

Elcoteq's After Market Services (AMS) Business Segment is providing its
customers in the communications and consumer electronics industries with global
reverse logistics, depot repair, refurbishment, recycling and salvage services
but also AMS specific engineering and customer support services.

Elcoteq SE is listed on the NASDAQ OMX Helsinki Ltd.  For more information visit
the Elcoteq website at www.elcoteq.com






[HUG#1530271]