Elcoteq - Company Announcement

Elcoteq SE discloses additional information on its earlier announcements of the planned share issue

Elcoteq SE
Stock Exchange Release
December 27, 2010, at 10.15 am (EET)


As disclosed already early 2010 and later supported with the authorizations
issued by the Extraordinary General Meeting to Elcoteq's Board of Directors, the
negotiations about the comprehensive and long-term refinancing of the company
continue. The refinancing under negotiations is supposed to consist of various
equity and debt instruments.

In the beginning of the process, Elcoteq has according to the terms and
conditions of its existing Revolving Credit Facility announced its obligation to
arrange a share or rights issue during 2010. However, due to the status and
structure of continuing refinancing negotiations it is not advisable to arrange
a separate share issue in the middle of the process.

Therefore, a directed share or a rights issue or any combination of these two is
postponed and planned to take place earliest on 2011 as a part of new financing
structure.


ELCOTEQ SE
Jouni Hartikainen
President and CEO

More information:
Jouni Hartikainen, President and CEO, 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 9,300 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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