Elcoteq SE Stock Exchange Release December 21, 2007 at 9.45 am (EET) As part of the new action plan announced in October 2007, Elcoteq is streamlining and simplifying its organization as of January 1, 2008. With the new organization, Elcoteq aims to improve its ability to respond to its customers' developing needs in all business areas. In addition, the aim is to clarify responsibilities, speed up decision-making and improve Elcoteq's cost structure in an increasingly competitive situation. The new organization consists of Group functions and three business areas that operate as profit centers, namely Personal Communications, Home Communications and Communications Networks. Group functions will support the business areas by ensuring that the operating model is globally consistent and that synergies between the business areas are utilized as efficiently as possible. The business areas will be responsible for their own customer accounts and operations related to these as well as supply chain management, and will continue to develop their businesses and service offering in their own business area. Elcoteq Management Team As of January 1, 2008, the Elcoteq Management Team (EMT) will comprise the following persons: Mr. Jouni Hartikainen, President and CEO; Mr. Jukka Jäämaa, Chief Operating Officer (COO) and Deputy CEO; Mr. Mikko Puolakka, Chief Financial Officer (CFO); Mr. Anssi Korhonen, President, Personal Communications; Mr. Vesa Keränen, President, Home Communications; Mr. Tommi Pettersson, President, Communications Networks. All members of the Elcoteq Management Team will report to President and CEO Jouni Hartikainen. The areas of responsibility of the Elcoteq Management Team's members are as follows: • Jukka Jäämaa: group level operations, sourcing, human resources as well as quality and processes • Mikko Puolakka: group level business control and accounting, treasury and investor relations, corporate responsibility and corporate relations, risk management and security • Anssi Korhonen: Personal Communications business area • Vesa Keränen: Home Communications business area • Tommi Pettersson: Communications Networks business area In addition the following functions report to President and CEO: legal affairs, corporate development as well as marketing and communications. As of January 1, 2008, Elcoteq will not have a separate Management Conference. ELCOTEQ SE Jouni Hartikainen President and CEO Further information: Jouni Hartikainen, President and CEO, tel. +41 41 728 0301 Jukka Jäämaa, COO, tel. +49 173 345 5967 Tuula Hatakka, SVP, Treasury, Communications and IR, tel. +358 10 413 1808 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 product development, 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 25,000 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'S NEW ACTION PLAN PROCEEDS - NEW CUSTOMER-CENTRIC ORGANIZATION AS OF JANUARY 1, 2008
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