STOCK OPTIONS EXERCISED TO SUBSCRIBE FOR ELCOTEQ SHARES AND INCREASE IN SHARE CAPITAL

Elcoteq SE  Stock Exchange Announcement       February 7, 2007 at 8.00 am (EET)

STOCK OPTIONS EXERCISED TO SUBSCRIBE FOR ELCOTEQ SHARES AND INCREASE IN SHARE
CAPITAL

A total of 550 options under Elcoteq SE's 2001 stock option scheme have been
exercised to subscribe for 550 new Elcoteq Series A shares between December 14,
2006 and January 26, 2007. The share subscription price was 6.53 euros per share,
as stipulated in the option scheme's conditions.

The 550 new shares will be recorded in the Trade Register on or about February
16, 2007. Elcoteq's share capital will increase by altogether 220 euros as a
result of the subscription, totaling 12,615,950.80 euros from the date of
registration. Following the increase the number of A shares will total
20,962,877.

The new shares will carry dividend rights from the date of registration, and
Elcoteq will apply for their listing on the Helsinki Stock Exchange with the
company's existing shares. Trading in these shares will start on or about
February 19, 2007.


ELCOTEQ SE

Reeta Kaukiainen
Director, Communications and Investor Relations

About Elcoteq
Elcoteq SE is a leading electronics manufacturing services (EMS) company with
original design manufacturing (ODM) capabilities in the communications technology
field. Elcoteq provides global end-to-end solutions consisting of design, NPI,
manufacturing, supply chain management, and after-sales services for the whole
lifecycle of its customers' products. These products include terminal products
such as mobile phones and set-top boxes as well as communications network
equipment such as base-stations, tower-top amplifiers, and microwave systems. The
company operates in 16 countries on four continents and employs some 23,000
people. Elcoteq's consolidated net sales for 2005 totaled 4.2 billion euros.
Elcoteq SE is listed on the Helsinki Stock Exchange. For more information visit
the Elcoteq website at www.elcoteq.com.