Eltel

Board/Management Information • Dec 9, 2019

Press release 5 December 2019 at 16:45 CET

Changes in Eltel's Group Management Team

Saila Miettinen-Lähde has been appointed new Chief Financial Officer (CFO) of Eltel and joins the Group Management Team. Saila assumes her position as of 1 March 2020.

Saila is a proven leader with broad experience from various top management positions in public companies. Most recently she held the position as Chief Executive Officer, CEO, of Endomines AB. Prior to that, she was working as CFO for F-Secure as well as Deputy CEO and CFO of Talvivaara Mining Company. Saila holds a Master of Science degree in engineering from the Tampere University of Technology.

Saila replaces Petter Traaholt who will leave Eltel at the end of February 2020 to assume the role as CFO at V.Group, based in London.

For further information:

Elin Otter, Director, Communications & Investor Relations Phone: +46 72 595 4692, elin.otter@eltelnetworks.se

About Eltel

Eltel is a leading Northern European provider of technical services for critical infrastructure networks – Infranets – in the segments of Power, Communication and Other, with operations throughout the Nordics, Poland and Germany. Eltel provides a broad, integrated range of services from maintenance and upgrade services to project deliveries. Eltel has a diverse contract portfolio and a growing customer base of large network owners. In 2018, Eltel had annual sales of EUR 1.2 billion. The total number of employees currently stands at around 7,000. Eltel AB has been listed on Nasdaq Stockholm since 2015.