Elcoteq - Company Announcement

Elcoteq Signs New Syndicated Loan Agreement

Elcoteq SE
Stock Exchange Release
November 25, 2009 at 4.30 pm (EET)


Elcoteq has signed a new agreement to replace the revolving credit
facility of 230 million euros signed five years ago. At the balance
sheet date of 30 September 2009, 200 million euros was in use from
the facility. At the same time the company had 201 million euro cash.

The new credit facility is agreed with the same bank syndicate and it
is for 100 million euros. The loan will mature at the end of April,
2010 and it is designed to cover the period during which the company
is expected to finalize the project to strengthen its balance sheet.
Negotiations for new long-term financing will be commenced in the
near future and are an integral part of the equity project.

ELCOTEQ SE
Minna Aila, Director, Communications and Corporate Responsibility


Further information:
Mikko Puolakka, CFO, tel. +41 7961 80302

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 Consumer Electronics products such
as mobile and wireless phones, their parts and accessories, set-top
boxes, flat panel TVs and other consumer products as well as System
Solutions products such as wireless and wireline infrastructure
systems and modules, enterprise network products and other industrial
segment products.

The Group's consolidated net sales for 2008 totaled 3.4 billion euros
and it employs approximately 13,000 persons. Elcoteq SE is listed on
the Nasdaq OMX Helsinki Ltd.  For more information visit the Elcoteq
website at www.elcoteq.com.