Elcoteq SE Stock Exchange Release July 29, 2011 at 16.00 (EET) Elcoteq SE has today (July 29, 2011) been informed that the Court of Luxembourg has accepted the application for controlled management. This decision secures the Company's current operations under the existing management and Board of Directors under the supervision of the appointed experts. Based on this decision some of Elcoteq SE's affiliates will apply for similar procedures in respective jurisdictions. The Court has nominated Mr. Alain Rukavina (lawyer) and Mr. Paul Laplume (chartered accountant) as experts. They will also be responsible to work out the final continuation plan together with Elcoteq's Board of Directors. ELCOTEQ SE The Board of Directors Further information: Jean-Jacques Bernard, Senior Legal Counsel (Luxembourg), tel. + 352 2483 3215 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. For more information visit the Elcoteq website atwww.elcoteq.com [HUG#1534871]
Controlled management under the laws of Luxembourg has been granted to Elcoteq SE
| Source: Elcoteq