Elcoteq SE

Stock Exchange Release

August 31, 2011 at 8:50 (EET)

Elcoteq SE's three Finnish subsidiaries, Elcoteq Finland Oy, Elcoteq Lohja Oy and Elcoteq Design Center Oy, have today filed for bankruptcy due to lack of funding of those companies. The parent company Elcoteq SE domiciled in Luxembourg has previously been accepted in the controlled management procedure under Luxembourg laws. As a consequence of the revolving credit facility lenders' continued enforcement actions, Elcoteq SE is no longer able to continue the funding of the Finnish subsidiaries. Therefore, the Finnish subsidiaries are not able to carry on their operations and have been forced to file for bankruptcy. This affects approximately 100 persons in Finland. Elcoteq SE continues the controlled management process in Luxembourg and business development together with its key customers. Elcoteq employs approximately 6,800 people worldwide.

ELCOTEQ SE

The Board of Directors

Contact:

Olli-Pekka Vanhanen, Senior Vice President, Business Control and Accounting, tel. + 358 10 413 11

Markus Skrabb, Senior Vice President, Legal Affairs, tel. + 358 10413 11

About Elcoteq

Elcoteq SE is an experienced Life Cycle Service Partner in electronics with a global network of service centers. Elcoteq provides a wide range of services to original equipment manufacturers (OEM) and to service providers such as operators, retailers and insurance companies.

Elcoteq's Electronics Manufacturing Services (EMS) Business Segment provides global supply chain solutions such as Engineering and Manufacturing Services but also technology and component Sourcing, custom Configuration, Testing, Delivery and other product supply related Services. EMS products range from control and security, communications infrastructure and lighting solutions to special purpose mobile devices and home entertainment systems.

Elcoteq's After Market Services (AMS) Business Segment provides globally reverse supply chain solutions for its customers consisting of Reverse Logistics, Depot Repair, Refurbishment, Recycling and Salvaging Services as well as AMS specific Engineering and Customer Support Services. AMS products range from mobile phones, tablets, flat panel TV's and set-top boxes to personal navigation and gaming devices.

Elcoteq SE is listed on the NASDAQ OMX Helsinki Ltd.www.elcoteq.com