Elcoteq SE Stock Exchange Release January 20, 2010 at 9.30 am (EET) On December 21, 2009, Elcoteq SE published an invitation to the Extraordinary General Meeting of shareholders to be held in Luxemburg on January 22, 2010 to decide on actions supporting the execution of balance sheet restructuring and equity investment project. In conformity with Article 61 of the Articles of Association, the decision of this Extraordinary General Meeting shall be carried by the qualified majority of two-third (2/3) of the votes cast and of the aggregate par value of the shares present or represented at the meeting, taking into account that at least half of the series A shares and half of the series K shares needs to be present or represented. The notification period for the meeting expired on January 18, 2009 at 4.00 pm CET. By that date, about 22.4% of the series A shares and 100% of the series K shares enrolled to the meeting. Hence, as anticipated by the company, the quorum requirement will not be met in the Extraordinary General Meeting on January 22, 2010. Therefore, as announced earlier, the company will convene a second Extraordinary General Meeting and the invitation to this second meeting will be published later on. The second meeting shall validly deliberate regardless of the proportion of the capital represented and the resolutions, in order to be adopted, must be carried by at least two-thirds of the votes cast. ELCOTEQ SE Satu Jaatinen Communications Manager Further information: Markus Kivimäki, SVP, Legal Affairs, tel. +358 10 413 1248 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 Consumer Electronics products such as mobile and wireless phones, their parts and accessories, set-top boxes, flat panel TVs and other consumer products as well as System Solutions products such as wireless and wireline infrastructure systems and modules, enterprise network products and other industrial segment products. The Group's consolidated net sales for 2008 totaled 3.4 billion euros and it employs approximately 11,000 persons. Elcoteq SE is listed on the Nasdaq OMX Helsinki Ltd. For more information visit the Elcoteq website at www.elcoteq.com. [HUG#1375110]
Quorum Requirement Will Not Be Met in Elcoteq´s Extraordinary General Meeting on January 22, 2010
| Source: Elcoteq