Elcoteq SE
Stock Exchange Release
October 7, 2011 at 14.00 (EET)

Elcoteq SE has today been declared bankrupt by the Luxembourg Court. Mr. Yann Baden has been appointed as the Bankruptcy Administrator. He also acts as the Bankruptcy Administrator for Elcoteq Network S.A.

Trading in Elcoteq's securities at Nasdaq OMX Helsinki has been terminated on 6 October 2011. Due to the bankruptcy, Elcoteq will not publish the Interim Report January - September 2011 or any further Stock Exchange Releases.

ELCOTEQ SE

Contact:

Bankruptcy Administrator, Mr. Yann Baden
Baden & Baden - Avocats à la Cour
27, rue Jean-Baptiste Esch - L-1473 Luxembourg
Tel: (+352) 26 97 56-1 - Fax: (+352) 26 45 86 33
info@baden.lu


Elcoteq's consolidated net sales for 2010 totaled 1,070 million euros and it employs approximately 8,000 persons.

Elcoteq SE is listed on the Nasdaq OMX Helsinki Ltd