Elcoteq - Company Announcement

Elcoteq Appoints Two Financial Advisors

Elcoteq SE
Stock Exchange Release
October 7, 2010 at 9.15 am (EET)

Elcoteq SE announces the appointment of Augusta & Co plc and Pohjola Corporate
Finance Ltd as financial advisors to the Company in relation to the previously
announced capital raising.  Working together, Augusta & Co plc and Pohjola
Corporate Finance Ltd will explore Elcoteq's capital raising options.

About Augusta & Co plc
Augusta & Co plc is an independent European merchant bank founded in 2002,
providing corporate finance and capital markets advice and services to European
middle market companies.

About Pohjola Corporate Finance Ltd
Pohjola Corporate Finance Ltd, a part of Pohjola Bank's investment banking
business, is a leading provider of corporate finance services in Finland.
Pohjola Corporate Finance advises on mergers & acquisitions and capital market
transactions and acts as a lead manager in equity offerings and private
placements.


ELCOTEQ SE

Satu Jaatinen
Director, Corporate Communications & IR

Further information:
Mikko Puolakka, CFO, tel. +358 10 41 311


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 services and a global factory network close to its customers
coupled with modern manufacturing equipment and consistent systems and
processes.
Elcoteq´s Electronics Manufacturing Services (EMS) Business Segment serves
customers globally in Engineering, Manufacturing and Fulfillment services. EMS
products include devices such as mobile phones and their accessories, set-top
boxes, LED lamps and luminaires, flat panel TVs, infrastructure systems, modules
and other industrial segment products. The After Market Services (AMS) Business
Segment concentrates on providing its customers with configuration, repair and
refurbishment services.
The Group's consolidated net sales for 2009 totaled 1.5 billion euros and it
employs approximately 10,000 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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