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Eltel Capital/Financing Update 2015

Sep 10, 2015

3040_rns_2015-09-10_394c07d1-c7c1-4e3e-b3e6-81ad5434082d.pdf

Capital/Financing Update

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Press release 10 September 2015, 17:30 CET

Eltel signs a EUR 100 million Finnish domestic commercial paper program

Eltel AB has signed a EUR 100 million Finnish domestic commercial paper program, which facilitates issuance of commercial papers with tenors less than one year for working capital and other short term funding purposes. The program also diversifies Eltel's financing capacity.

The arranger banks are Danske Bank Oyj, Skandinaviska Enskilda Banken AB (publ) Helsinki Branch and Swedbank AB Finnish Branch.

For more information, please contact

Gunilla Wikman, Investor Relations Manager at Eltel AB Tel: +46 725 843 630, [email protected]

About Eltel

Eltel is a leading European provider of technical services for critical infrastructure networks – Infranets – in the segments of Power, Communication and Transport & Security, with operations throughout the Nordic and Baltic regions, Poland, Germany, the United Kingdom and Africa. Eltel provides a broad and integrated range of services, spanning from maintenance and upgrade services to project deliveries. Eltel has a diverse contract portfolio and a loyal and growing customer base of large network owners. The number of employees is approximately 8,600 and in 2014, Eltel net sales amounted to EUR 1,242 million. Eltel's share is listed on Nasdaq Stockholm since February 2015.

Eltel AB

Box 50, Kommendörsgatan 5, FI-02611 Esbo, Finland Box 126 23, Adolfsbergsvägen 13, SE-112 92 Stockholm, Sweden [email protected] | www.eltelnetworks.com