Elcoteq SE Press Release June 7, 2007 at 10.00 am (EET) ELCOTEQ IN NEGOTIATIONS TO SELL GUNNARLA MANUFACTURING FACILITY TO CITY OF LOHJA IN FINLAND Elcoteq SE's subsidiary Elcoteq Lohja Oy and the City of Lohja are negotiating the sale of the real estate company Kiinteistö Oy Piiharju, including its manufacturing facility, to the City of Lohja. The transaction price based on the debt-free value of the Kiinteistö Oy Piiharju shares is approximately 6 million euros. Elcoteq will book a small gain on the sale. The gain will be entered in the company's third-quarter result. The sale requires the legally valid approval of Lohja City Council, which will discuss the matter at its meeting in mid-June. The City of Lohja intends to lease the manufacturing facility for industrial use. The Kiinteistö Oy Piiharju real estate company, owned by Elcoteq Lohja Oy, comprises land totaling roughly 28,000 square meters and a factory building with a floor space of approximately 8,500 square meters. Elcoteq has announced earlier this year that it will close the manufacturing plant by the end of August. ELCOTEQ SE Reeta Kaukiainen Vice President, Communications and Investor Relations For more information: Jukka Jäämaa, COO, Elcoteq SE, tel. +358 50 526 7665 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
ELCOTEQ IN NEGOTIATIONS TO SELL GUNNARLA MANUFACTURING FACILITY TO CITY OF LOHJA IN FINLAND
| Source: Elcoteq