Elcoteq: Proposal of all Board<br>members will be re-elected

The Board may have at least four and at most eight members according to the company's Articles of Association. Board members are elected for a one-year period until the end of the following Annual General Meeting. Elcoteq SE's Board of Directors currently comprises President Martti Ahtisaari; Mr. Heikki Horstia, Vice President, Treasurer of Wärtsilä Corporation; Mr. Eero Kasanen, Rector of the Helsinki School of Economics; Mr. Antti Piippo, principal owner and founder-shareholder of Elcoteq SE; Mr. Henry Sjöman, founder-shareholder of Elcoteq SE; Mr. Juha Toivola, Director; and Mr. Jorma Vanhanen, founder-shareholder of Elcoteq SE.