Elcoteq Finalizes the Loan Documentation on Committed EUR 100 Million Revolving Credit Facility

Elcoteq SE
Stock Exchange Release
May 3, 2010 at 10.45 am (EET)



In March 2010, Elcoteq SE and the lenders of its EUR 100 million revolving
credit facility signed a term sheet on extending the facility from April
30, 2010 until June 30, 2011. The parties have now concluded the final loan
documentation relating to the committed credit facility. The agreed facility
shall be amortized by EUR 33 million by March 31, 2011. At the balance sheet
date of December 31, 2009, EUR 100 million of the facility was in use. At the
same time the Company had EUR 87 million in cash.

The extension of the revolving credit facility is an important step in the
overall financial stabilization of the Company. The finalization of the loan
documentation is also one condition for the implementation of the ongoing
exchange offer to the debenture holders.

As part of the overall financing arrangement and in order to enhance
possibilities for further balance sheet strengthening, the three founder
shareholders of the company, Mr. Antti Piippo, Mr. Henry Sjöman and Mr. Jorma
Vanhanen, have informed the Board of Directors that they will exercise their
right to convert all of their series K founders´ shares to series A shares after
which the company will have only one series of shares, A shares. The conversion
does not change the Company's ownership structure hence the three founders
continue to have 41.38% ownership in the Company. However, the conversion will
affect the voting structure by reducing the total voting rights of the founders
from the current 84.81% to 41.38%. Furthermore, all three founder shareholders
of the Company, Mr. Piippo, Mr. Sjöman and Mr. Vanhanen, have given an
undertaking to the lenders to vote in favor of any proposals of the Board of
Directors of Elcoteq SE at the general meetings.


ELCOTEQ SE

Satu Jaatinen
Communications Manager

Further information:
Mikko Puolakka, CFO, tel. +41 7961 80302




About Elcoteq

Elcoteq SE is the global Life Cycle Service 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, 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 10,000 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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