Elcoteq - Company Announcement

Selling of Elcoteq´s St. Petersburg Plant completed

Elcoteq SE
Stock Exchange Release
May 20 , 2010 at 10.00 am (EET)




Elcoteq SE and Optogan CJSC have completed the transaction on May 19, 2010,
whereby Optogan acquired 100 percent of of the shares in Elcoteq's subsidiary in
St. Petersburg including the premises and the personnel of about 40 employees
but excluding any customer agreements.

Elcoteq has now consolidated all European electronics manufacturing and after
market service activities to its units in Pécs, Hungary and Tallinn, Estonia.

ELCOTEQ SE

Satu Jaatinen
Communications Manager

Further information:
Jari Hakkarainen, Director, Group Legal Affairs, tel. +358 10 413 2087
Mikko Puolakka, CFO, tel. +358 10 413 1287



About Elcoteq


Elcoteq SE is the global Life Cycle Service Partner for high-tech product and
service companies.
Engineering, Manufacturing, Fulfillment and After Market Services are the
cornerstones of Elcoteq's extensive service offering. Elcoteq has a proven track
record in electronics manufacturing services (EMS) and a global factory network
coupled with modern manufacturing equipment and consistent systems and
processes.
Products include Consumer Electronics devices such as mobile phones and their
accessories, set-top boxes, LED lamps and luminaries, flat panel TVs as well as
System Solutions products such as infrastructure systems, modules and other
industrial segment products.
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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