Elcoteq SE has filed the application for controlled management under the laws of Luxembourg - the Board initiates investigations of lenders' actions

Elcoteq SE Stock Exchange Release July 22, 2011 at 15.00 (EET) Elcoteq SE has today (July 22, 2011) filed the application for controlled management under the laws of Luxembourg to secure continuation of the Company's current operations and to allow the outside investor to finalize the contemplated transaction. Some of Elcoteq SE's affiliates will apply for similar procedures in respective jurisdictions. The revolving credit facility lenders have continued their enforcement actions against the Company and its affiliates and such actions are severely damaging the current operations of the Company as well as its customers and other creditors. The Board of Directors has initiated investigations concerning the legality of the revolving credit facility lenders' and their advisors' actions towards the Company since 2008. ELCOTEQ SE The Board of Directors Contact: Petra Ebner Director, Marketing and Communications, tel. + 41 79 618 0318 About Elcoteq Elcoteq SE is an experienced Life Cycle Service Partner in electronics with a global network of service centers. Elcoteq provides a wide range of services to original equipment manufacturers (OEM) and to service providers such as operators, retailers and insurance companies. Elcoteq's Electronics Manufacturing Services (EMS) Business Segment provides global supply chain solutions such as Engineering and Manufacturing Services but also technology and component Sourcing, custom Configuration, Testing, Delivery and other product supply related Services. EMS products range from control and security, communications infrastructure and lighting solutions to special purpose mobile devices and home entertainment systems. Elcoteq's After Market Services (AMS) Business Segment provides globally reverse supply chain solutions for its customers consisting of Reverse Logistics, Depot Repair, Refurbishment, Recycling and Salvaging Services as well as AMS specific Engineering and Customer Support Services. AMS products range from mobile phones, tablets, flat panel TV's and set-top boxes to personal navigation and gaming devices. Elcoteq SE is listed on the NASDAQ OMX Helsinki Ltd.  For more information visit the Elcoteq website at www.elcoteq.com This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Elcoteq SE via Thomson Reuters ONE [HUG#1532922]