Elcoteq SE Stock Exchange Release February 24, 2009 at 9.00 am (EET) The shareholders are invited to attend the Annual General Meeting scheduled to take place at 12.00 pm CET on Monday March 23, 2009. The meeting will be held in Luxembourg, at the premises of Elcoteq SE, 19, rue Eugène Ruppert, L-2453 Luxembourg. Registration of the participants and distribution of voting coupons will begin at 11.00 am CET. The agenda contains the standard items stated in Article 58 of the Articles of Association as follows: 1. Annual accounts for year 2008 (consisting of the income statement, balance sheet, consolidated income statement, consolidated balance sheet and management report issued by the Board of Directors); 2. Statutory auditor's report for year 2008; 3. Approval of the annual accounts and of the consolidated accounts for year 2008; 4. Allocation of the result and retained earnings; 5. Discharge of the members of the Board of Directors and of the Statutory Auditor; 6. Remuneration of the members of the Board of Directors and the Statutory Auditor; 7. Number of the members of the Board of Directors; 8. Election of the members of the Board of Directors; 9. Election of the statutory Auditor. Payment of Dividend The Board of Directors has decided to propose to the Meeting that no dividend will be distributed for the financial year January 1 - December 31, 2008. Composition of the Board of Directors The Nomination Committee of the Board of Directors proposes to the Meeting that the following persons be re-elected to the Board: President Martti Ahtisaari; Mr. Eero Kasanen, Rector of the Helsinki School of Economics; Mr. Heikki Horstia, Vice President, Treasurer, Wärtsilä Corporation; Mr. François Pauly, General Manager of Sal. Oppenheim jr. & Cie S.C.A; Mr. Antti Piippo, principal shareholder of Elcoteq SE; Mr. Henry Sjöman, founder-shareholder of Elcoteq SE; Mr. Juha Toivola, MSc; and Mr. Jorma Vanhanen, founder-shareholder of Elcoteq SE. The individuals proposed have given their consent to re-election. Appointment of the Auditor The Audit Committee of the Board of Directors proposes to the Meeting that the firm of authorized public accountants KPMG Audit S.à.r.l under the supervision of Mr. Philippe Meyer will be appointed as the Company's auditors for the financial year ending on December 31, 2009. Documents Copies of the Board's proposals, and their enclosures, and the documents related to the financial statements will be on display for inspection by the shareholders from 9.00 am CET on February 27, 2009 on the company's website at www.elcoteq.com. Copies of the aforementioned documents will be mailed to shareholders upon request and will be on display at Elcoteq SE offices in Luxembourg and in Espoo (Finland). Right to Participate in the Meeting Shareholders who are in the Company's shareholder register maintained by the Euroclear Finland Ltd on March 13, 2009 shall have the right to participate and vote in the Annual General Meeting. Registration to the Annual General Meeting To participate and have the right to vote in the meeting, the registered shareholders shall notify the Company of their attendance by March 18, 2009 4.00 pm CET either on the Company's website www.elcoteq.com, or in writing to Elcoteq SE, Finnish Branch, AGM, P.O. Box 8, FI-02631 Espoo, Finland, or by telefax +358 10 413 1804, or by telephone +358 10 413 2081 between the hours of 8.00-10.00 am or 12.00-3.00 pm CET. Shareholders are kindly requested to provide their name, address and telephone number. Notification of participation must reach the Company before the notification period expires. Representation Shareholder shall exercise his right at the Annual General Meeting either in person or through a representative on the basis of a duly signed and dated proxy or other reliable documentation proving his authorization. Any powers of attorney, correctly detailed and dated, must reach the Company at the above address for inspection before the notification period expires on March 18, 2009. Language of the Meeting The meeting will be held in the English language. Shareholder Information Meeting in Helsinki, Finland Prior to the Annual General Meeting, shareholders can participate in a shareholder information meeting held in the Nordica I cabinet of the Hotel Scandic Continental, Mannerheimintie 46, Helsinki, Finland. The meeting takes place at 13.00 pm EET (12.00 CET) on Wednesday, March 18, 2009. The meeting will be held in the Finnish language. Registration to the Shareholder Information Meeting in Helsinki, Finland The registered shareholders shall notify the Company of their attendance to shareholder information meeting by March 13, 2009, 4.00 pm EET either through the Company's website www.elcoteq.com, or in writing to Elcoteq SE, Finnish Branch, shareholder meeting, P.O. Box 8, FI-02631 Espoo, Finland, or by telefax +358 10 413 1804, or by telephone +358 10 413 2081 between the hours of 8.00 - 10.00 am or 12.00 am - 3.00 pm CET (9.00 - 11.00 am or 1.00 - 4.00 pm EET). Shareholders are kindly requested to provide their name, address and telephone number as well as indicate whether they will participate only in the shareholder meeting in Helsinki or also in the Annual General Meeting in Luxembourg. Notification of participation must reach the Company before the notification period expires. ELCOTEQ SE Board of Directors Further information: Markus Kivimäki, SVP, Legal Affairs, tel. +358 10 413 1248 About Elcoteq Elcoteq SE is a leading electronics manufacturing services (EMS) company in the communications technology field. Elcoteq's global service offering covers the entire lifecycle of products, from product development to after market services. By further combining mechanics expertise into its service offering, Elcoteq's vision is to be a leading integrated electronics manufacturing services (IEMS) company. Elcoteq provides global end-to-end solutions consisting of product development services, supply chain management, NPI, manufacturing, and after market services for the whole lifecycle of its customers' products. These products include Personal Communications products such as mobile phones and their parts, Home Communications products such as set-top boxes and flat panel TVs as well as Communications Networks products such as base-stations, tower-top amplifiers, and microwave systems. Elcoteq operates in 15 countries on four continents and employs some 19,000 people. The Group's consolidated net sales for 2008 totaled 3.4 billion euros. Elcoteq SE is listed on the Nasdaq OMX Helsinki Ltd. For more information visit the Elcoteq website at www.elcoteq.com.