Elcoteq SE Stock Exchange Announcement May 16, 2007 at 4.15 pm (EET) A total of 841,442 options under Elcoteq SE's 2001 stock option scheme have been exercised to subscribe for 841,442 new Elcoteq Series A shares between April 19 and April 30, 2007. The share subscription price was 6.33 euros per share, as stipulated in the option scheme's conditions. The 2001 option scheme expired on April 30, 2007. The 841,442 new shares will be recorded in the Trade Register on or about May 28, 2007. Elcoteq's share capital will increase by altogether 336,576.80 euros as a result of the subscription, totaling 13,041,167.60 euros from the date of registration. Following the increase the number of A shares will total 22,025,919. 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 May 29, 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 approximately 23,000 people. Elcoteq's consolidated net sales for 2006 totaled 4.3 billion euros. Elcoteq SE is listed on the Helsinki Stock Exchange. For more information visit the Elcoteq website at www.elcoteq.com.
STOCK OPTIONS EXERCISED TO SUBSCRIBE FOR ELCOTEQ SHARES AND INCREASE IN SHARE CAPITAL
| Source: Elcoteq