Elcoteq SE has been declared bankrupt

| Source: Elcoteq Elcoteq 

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


[HUG#1553013]