Ericsson - Selling of Elcoteq SE`s Tallinn Manufacturing Operations Completed

Elcoteq SE and Ericsson have completed a transaction on July 31, 2009 whereby the majority of the machinery, equipment and materials of Elcoteq's Tallinn manufacturing operations were sold to Ericsson. The transaction included also the transfer of the lease agreement concerning manufacturing premises and employment agreements related to these operations. Approximately 1,200 of Elcoteq's 1,600 employees in Tallinn were transferred to Ericsson with existing terms and conditions of employment. Elcoteq will continue operations in Tallinn on a smaller scale in a specialized plant. Deliveries to Ericsson will continue from other Elcoteq plants. European high volume manufacturing will be concentrated in Elcoteq's plant in Pécs, Hungary.

ELCOTEQ SE

Minna Aila Director, Investor Relations and Corporate Responsibility

Further information: Jouni Hartikainen, President and CEO, 358 10 413 11 Mikko Puolakka, CFO, tel. 358 10 413 1287 Tommi Pettersson, President, Communications Networks, tel. 358 10 413 1654

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.

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.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.