Elcoteq SE's current revolving credit facility will expire

 | Source: Elcoteq Elcoteq 

Elcoteq SE
Stock Exchange Release
June 30, 2011 at 11.20 (EET)

Elcoteq's current revolving credit facility will expire today. Elcoteq has
informed its revolving credit facility lenders that due to its tight liquidity
situation the Company will not be able to repay on its maturity (30 June 2011)
the remaining 48,5 million euros outstanding under the facility. However, the
Company is confident that the planned transaction with Platinum Equity,
announced earlier today, will provide an acceptable solution to all involved
stakeholders. Platinum Equity has requested the Revolving Credit Facility
lenders not to accelerate the facility to secure enough time to complete the
planned transactions.

The Company previously announced that it expected to complete the five-year
export financing revolving credit facility to be granted by Magyar Export-Import
Bank Zrt. to the Company's Hungarian subsidiary by 30 June 2011. The parties
have not been able to complete the export financing within the expected time
frame. The export financing would have formed an essential part of the overall
re-financing of Elcoteq group aiming, among others, at the repayment of the
current revolving credit facility. The negotiations with Magyar Export-Import
Bank Zrt. will now continue under the framework of the planned transactions with
Platinum Equity.

ELCOTEQ SE

Jouni Hartikainen
President and CEO

Further information:
Jouni Hartikainen, President and CEO, +358 10 413 11


About Elcoteq

Elcoteq SE is the global Life Cycle Service Partner for high-tech product and
service companies. Elcoteq has a proven track record in electronics
manufacturing and after market services and a global service network close to
its customers coupled with modern manufacturing and testing equipment and
consistent systems and processes.

Elcoteq's Electronics Manufacturing Services (EMS) Business Segment provides its
customers globally with engineering, manufacturing and demand & supply services.
EMS products include mobile phones and their accessories, set-top boxes, LED
lighting products, flat panel TVs, infrastructure systems and other industrial
segment products.

Elcoteq's After Market Services (AMS) Business Segment is providing its
customers in the communications and consumer electronics industries with global
reverse logistics, depot repair, refurbishment, recycling and salvage services
but also AMS specific engineering and customer support services.

Elcoteq SE is listed on the NASDAQ OMX Helsinki Ltd. For more information visit
the Elcoteq website atwww.elcoteq.com

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