Elcoteq Sells Its St. Petersburg Plant

Elcoteq SE
Stock Exchange Release
May 17 , 2010 at 9.15 am (EET)




Elcoteq SE has signed an agreement with Optogan CJSC to divest Elcoteq's
subsidiary ZAO Elcoteq, in St. Petersburg, Russia. The deal has already obtained
competition authorities´ and other regulatory approvals. The closing of the
transaction is expected to take place by May 31, 2010.

The transaction is a share deal, in which the purchaser acquires 100 percent of
the shares in Elcoteq's subsidiary in St. Petersburg including the premises and
the personnel of about 40 employees but excluding any customer agreements. The
transaction reduces Elcoteq's total costs by approximately 2 million euros on
annual basis and has a considerable positive impact on the second quarter cash
flow.

Elcoteq has now consolidated all European electronics manufacturing and after
market service activities to its units in Pécs, Hungary and Tallinn, Estonia.

ELCOTEQ SE

Satu Jaatinen
Communications Manager

Further information:
Jari Hakkarainen, Director, Group Legal Affairs, tel. +358 10 413 2087
Mikko Puolakka, CFO, tel. +358 10 413 1287



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, LED lamps and luminaries, 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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