Elcoteq SE Stock Exchange Release February 18, 2008 at 10.00 am (EET) INVITATION TO ELCOTEQ SE'S ANNUAL GENERAL MEETING Elcoteq SE's shareholders are invited to attend the Annual General Meeting scheduled to take place at 3.00 pm CET (4.00 pm EET) on Tuesday, March 25, 2008. The meeting will be held in Luxembourg, at the premises of Elcoteq SE, 19, rue Eugène Ruppert, L-2453 Luxembourg. Shareholders can also participate in the meeting through a video conference or a teleconference held at the Ballroom of the Hotel Scandic Continental, Mannerheimintie 46, Helsinki, Finland. Registration of the participants and distribution of voting coupons will begin at both locations at 2.00 pm CET (3.00 pm EET). The meeting will be held before a public notary. The following items are on the agenda of the meeting: 1 The proposal of the Board of Directors to amend the first sentence of Article 30 of the Articles of Association as follows: “The number of directors shall not be less than four (4) and not more than ten (10).” 2 The proposal of the Board of Directors to amend the second paragraph of Article 54 of the Articles of Association as follows: “The Company shall hold each year an Annual General Meeting of shareholders on the March 23 in the city of Luxembourg at such time and place as the Board of Directors shall determine and specify in the convening notice. If said day is a legal or bank holiday in Luxembourg or Finland, the meeting shall be held on the second following business day.” Standard items stated in Article 58 of the Articles of Association as follows: 3 Annual accounts as at December 31, 2007 (consisting of the income statement, balance sheet, consolidated income statement, consolidated balance sheet and management report issued by the Board of Directors); 4 Statutory and/or independent auditors' report as at December 31, 2007; 5 Approval of the annual accounts and of the consolidated accounts as at December 31, 2007; 6 Allocation of the result and retained earnings; 7 Discharge of the members of the Board of Directors and of the statutory auditor; 8 Remuneration of the members of the Board of Directors and the statutory auditor; 9 Number of the members of the Board of Directors; 10 Election of the members of the Board of Directors; 11 Election of the statutory and/or independent auditor. Other matters: 12 Presentation and approval of the Final Accounts relating to the transfer of domicile. Payment of Dividend The Board of Directors has decided to propose to the Meeting that no dividend will be distributed for the financial year January 1 - December 31, 2007. Composition of the Board of Directors The Nomination Committee of the Board of Directors will propose to the Meeting that the following persons be re-elected to the Board: President Martti Ahtisaari; Mr. Heikki Horstia, Vice President, Treasurer, Wärtsilä Corporation; Mr. Eero Kasanen, Rector of the Helsinki School of Economics; Mr. Antti Piippo, founder and principal shareholder of Elcoteq SE; Mr. Henry Sjöman, founder-shareholder of Elcoteq SE; Mr. Juha Toivola, Master of Arts; and Mr. Jorma Vanhanen, founder-shareholder of Elcoteq SE. The individuals proposed have given their consent to re-election. Appointment of the Auditor The Audit Committee of the Board of Directors will propose to the Meeting that the firm of authorized public accountants KPMG Audit S.à.r.l. under the supervision of Mr. Philippe Meyer be appointed as the Company's auditors for the financial year ending on December 31, 2008. Documents Copies of the Board's proposals, and their enclosures, and the documents related to the financial statements will be available for inspection by the shareholders from 9.00 am CET (10.00 am EET) on February 29, 2008 on the company's website at www.elcoteq.com. Copies of the aforementioned documents will be mailed to shareholders upon request and will be available at Elcoteq SE offices in Luxembourg and in Espoo, Finland. Right to Participate in the Meeting Shareholders who are in the Company's shareholder register maintained by the Finnish Central Securities Depository Ltd on March 14, 2008 shall have the right to participate in the Annual General Meeting. How to Participate The registered shareholders shall notify the Company of their attendance by March 17, 2008, 4.00 pm CET (5.00 pm EET) either through the Company's website www.elcoteq.com, or in writing to Elcoteq SE, Finnish Branch, Ms. Katri Kemppinen, P.O. Box 8, FI-02631 Espoo, Finland, or by telefax +358 10 413 1804, or by telephone +358 10 413 2081 between the hours of 8.00 - 10.00 am or 12.00 am - 3.00 pm CET (9.00 - 11.00 am or 1.00 - 4.00 pm EET). Shareholders are kindly requested to provide their name, address and telephone number as well as indicate whether they will participate in the meeting in Luxembourg or in Helsinki. Notification of participation must reach the Company before the notification period expires. Representation Shareholder shall exercise his right at the Annual General Meeting either in person or through a representative on the basis of a duly signed and dated proxy or other reliable documentation proving his authorization. Any powers of attorney, correctly detailed and dated, must reach the Company at the above address for inspection before the notification period expires on March 17, 2008. Language of the Meeting The meeting will be held in English with simultaneous interpretation from English to Finnish available in Helsinki. February 18, 2008 ELCOTEQ SE Board of Directors About Elcoteq Elcoteq SE is a leading electronics manufacturing services (EMS) company in the communications technology field. Elcoteq's global service offering covers the entire lifecycle of products, from product development to after-market services. By further combining mechanics expertise into its service offering, Elcoteq's vision is to be a leading integrated electronics manufacturing services (IEMS) company. Elcoteq provides global end-to-end solutions consisting of product development services, supply chain management, NPI, manufacturing, and after-market services for the whole lifecycle of its customers' products. These products include Personal Communications products such as mobile phones and their parts, Home Communications products such as set-top boxes and electronics for flat screen TVs as well as Communications Networks products such as base-stations, tower-top amplifiers, and microwave systems. Elcoteq operates in 15 countries on four continents and employs some 24,000 people. The Group's consolidated net sales for 2007 totaled 4.0 billion euros. Elcoteq SE is listed on the Helsinki Stock Exchange. For more information visit the Elcoteq website at www.elcoteq.com.