The personnel negotiations started on February 7, 2007 have now been concluded in Espoo and Salo, Finland. Negotiations concerning the Lohja manufacturing plant and the NPI (New Product Introduction) organizations are still in progress; their completion and consequences will be announced later in a separate release. As a result of the negotiations now concluded the company will make 84 employees in Finland redundant on production and financial grounds. At the same time the company will close its operating site in Turku, Finland and this unit's operations will be moved to Salo, Finland. The personnel negotiations concluded and partly still in progress in Finland are part of the Group's global action plan that also includes structural changes such as the reorganization and streamlining of operations, processes and personnel resources, especially in Europe and the Americas. The objective of these measures is to improve the Group's long-term profitability and competitiveness. Elcoteq currently employs 22,600 people worldwide, roughly 700 of whom work in Finland. ELCOTEQ SE Reeta Kaukiainen Director, Communications and Investor Relations Further information: Jukka Jäämaa, COO, tel. + 358 50 526 7665 Reeta Kaukiainen, Director, Communications and Investor Relations, tel. +358 10 413 1742 or +358 50 522 0924 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 design, 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 almost 23,000 people. Elcoteq's consolidated net sales for 2006 totaled 4.3 billion euros (over 5 billion USD). Elcoteq SE is listed on the Helsinki Stock Exchange. For more information, please visit www.elcoteq.com.