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Solteq Oyj (HEL:STQ1V) SOLTEQ PLC WILL BEGIN CO-OPERATION NEGOTIATIONS

Solteq Oyj (HEL:STQ1V) SOLTEQ PLC STOCK EXCHANGE BULLETIN ON JANUARY 5th, 2009

In order to ensure the favorable profit development in the extremely unstable economic situation of 2009, Solteq Plc has today begun co-operation negotiations with its employees. Through cutting down of personnel costs and fixed costs these negotiations aim to ensure cost effectiveness both in the short and long term. This is estimated to mean terminating 30 employments at the most and different structural arrangements during this year. These co-operation negotiations involve all the personnel in different localities of Solteq Plc. Co-operation procedures do not involve Solteq Plc's subsidiary OOO Solteq Russia in St. Petersburg.

Solteq Plc's earlier announced estimates concerning the turnover and result of 2008 remain unchanged, the Board of Directors will comment the financial prospects for 2009 as soon as the co-operation negotiations are concluded.

SOLTEQ PLC

Hannu Ahola Managing Director
For further information, please contact:

Hannu Ahola, Managing Director Tel +358 20 1444 211 or +358 40 8444 211, e-mail hannu.ahola@solteq.com

Antti Kärkkäinen, CFO Tel +358 20 1444 393 or +358 40 8444 393, e-mail antti.karkkainen@solteq.com

Distribution: NASDAQ OMX Helsinki Key media

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

Solteq Oyj

http://www.solteq.com

ISIN: FI0009007991

Stock Identifier: XHEL.STQ1V

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Solteq Oyj

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