Elcoteq SE

Stock Exchange Release

August 5, 2011 at 15:00 (EET)

The revolving credit facility lenders have continued their enforcement actions against the Company and have, among other actions, blocked certain bank accounts of the Company and seized the payments of Elcoteq's customers in Europe and US. Due to these actions, the future business outlook is very uncertain and the company is only partially able to control its business processes.

Elcoteq announced on 30 June, 2011 that it had signed a conditional, non-binding Term Sheet with Platinum Equity concerning a major equity and debt investment. The investment was dependent on, among other things, Elcoteq's current revolving credit facility lenders and the Company's other main lenders agreeing on restructuring of current debt. Platinum Equity has informed Elcoteq that it has terminated its evaluation of a potential investment in Elcoteq. According to Platinum Equity, it was no longer possible for them to structure the intended transaction within the context of the actions taken by the revolving credit facility lenders against Elcoteq.

Elcoteq will initiate discussions with other potential investor candidates and relies on continuous support from the Company's customers to keep the Company's operations running. Elcoteq will review and reconsider the prospects of continuing the controlled management process in Luxembourg together with the experts appointed by the court.

ELCOTEQ SE

The Board of Directors

Contact:

Markus Skrabb, Senior Vice President, Legal Affairs tel. +358 10 413 11.

Olli-Pekka Vanhanen, Senior Vice President, Business Control and Accounting tel. +358 10 413 11.

About Elcoteq

Elcoteq SE is an experienced Life Cycle Service Partner in electronics with a global network of service centers. Elcoteq provides a wide range of services to original equipment manufacturers (OEM) and to service providers such as operators, retailers and insurance companies.

Elcoteq's Electronics Manufacturing Services (EMS) Business Segment provides global supply chain solutions such as Engineering and Manufacturing Services but also technology and component Sourcing, custom Configuration, Testing, Delivery and other product supply related Services. EMS products range from control and security, communications infrastructure and lighting solutions to special purpose mobile devices and home entertainment systems.

Elcoteq's After Market Services (AMS) Business Segment provides globally reverse supply chain solutions for its customers consisting of Reverse Logistics, Depot Repair, Refurbishment, Recycling and Salvaging Services as well as AMS specific Engineering and Customer Support Services. AMS products range from mobile phones, tablets, flat panel TV's and set-top boxes to personal navigation and gaming devices.

Elcoteq SE is listed on the NASDAQ OMX Helsinki Ltd. www.elcoteq.com