Decisions Of Elcoteq SE's Extraordinary General Meeting

Elcoteq SE
Stock Exchange Release
November 11, 2010 at 18.00 pm (EET)

The Extraordinary General Meeting (EGM) of the shareholders of Elcoteq SE held
today, on November 11th, 2011, in Luxemburg, was convened to decide on actions
and authorizations supporting the execution of balance sheet restructuring and
equity project. On the agenda there were, among other items, Board of Directors
proposals to increase the authorised share capital. Currently, the registered
share capital of Elcoteq SE is EUR 13,175,674 represented by a total of
32,939,185 Elcoteq A shares.

As a result of the above mentioned the EGM decisions were as follows:

To increase the maximum limit of the authorized share capital of the Company,
which includes the issued share capital, from its current amount of forty
million Euros (EUR 40,000,000) up to ninety-five million Euros (EUR 95,000,000)
and accordingly amendment of the current article 21 of the Articles of
Association of the Company;

To authorize the Board of Directors to issue new shares and convertible debt
instruments within the authorized share capital of the Company without reserving
the existing shareholders a preferential subscription right, up to an amount of
forty million Euros (EUR 40,000,000) of the authorized share capital which
corresponds to a maximum of 100,000,000 new A-shares. This authorization is
divided as follows: up to twenty eight-million Euros (EUR 28,000,000) for an
authorization period of one year, starting on the day of the EGM, and the
remainder twelve million Euros (EUR 12,000,000) for an authorization period of
five years, starting on the day of the EGM.

To authorize the Board of Directors to issue new shares and convertible debt
instruments within the remainder of the authorized share capital of forty-one
million eight hundred and twenty-four thousand three hundred twenty-six Euros
(EUR 41,824,326) for an authorization period of five years respecting the
existing shareholders' preferential subscription right, which corresponds to a
maximum of 104,560,815 new A-shares, and to amend the current article 22 of the
Articles of Association accordingly;

To delete from the Company's Articles of Association all references to previous
K shares;

To change the administrative language of the Company from German into French and
amendment of current article 44 of the Articles of Association accordingly; and

To restate the Company's Articles of Association in order to reflect the changes
voted upon at the EGM of the shareholders of the Company. The restatement
implies a renumbering of the Company's Articles of Association.


ELCOTEQ SE

Susanna Sieppi
Communications Manager

Further information:
Jean-Jacques Bernard, Senior Legal Counsel, tel. +352 621 378 341

About Elcoteq


Elcoteq SE is the global Life Cycle Services Partner for high-tech product and
service companies.
Engineering, Manufacturing, Fulfillment and After Market Services are the
cornerstones of Elcoteq's extensive service offering. Elcoteq has a proven track
record in electronics manufacturing services (EMS) and a global factory network
coupled with modern manufacturing equipment and consistent systems and
processes.
Products include Consumer Electronics devices such as mobile phones and their
accessories, set-top boxes, LED lamps and luminaires, flat panel TVs as well as
System Solutions products such as infrastructure systems, modules and other
industrial segment products.
The Group's consolidated net sales for 2009 totaled 1.5 billion euros and it
employs approximately 9,300 persons. Elcoteq SE is listed on the Nasdaq OMX
Helsinki Ltd.  For more information visit the Elcoteq website at
www.elcoteq.com.



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