Elcoteq SE Stock Exchange Release January 14, 2008 at 5.15 pm (EET) The German competition authorities have approved sale of Elcoteq's German subsidiary Elcoteq Communications Technology GmbH to BAVARIA Industriekapital AG. The closing of the deal has taken place today. Elcoteq announced in December 2007 that it will rationalize its production capacity and divest its subsidiary in Germany, Offenburg, as part of its global action plan. The sale was subject to the German competition authorities' approval, which has now been received. ELCOTEQ SE Tuula Hatakka Senior Vice President, Treasury and Investor Relations Further information: Mikko Puolakka, CFO, mobile +41 79 618 0302 Tuula Hatakka, SVP, Treasury and IR, mobile +358 50 340 5478 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 RECEIVED APPROVAL FROM THE COMPETITION AUTHORITIES FOR THE SALE OF ITS GERMAN SUBSIDIARY
| Source: Elcoteq