Eltel Nomination Committee for AGM 2015

Regulatory News:

The Nomination Committee consists of:

· Mattias Eklund, appointed by 3i (20.0% of votes)

· Joakim Rubin, appointed by Zeres Capital (10.5% of votes)

· Per Colleen, appointed by AP4 (8.5% of votes)

· Thomas Hofmeister, appointed by BNP Paribas (7.6% of votes)

Nomination Committee represents about 46,6 percent of the votes in the company.

Shareholders in Eltel are invited to submit proposals to the Nomination Committee by e-mail to paivi.hautamaki@eltelnetworks.com (paivi.hautamaki@eltelnetworks.com) or at: Eltel AB (publ) Attention: Group Legal Box 126 23 SE-112 92 Stockholm, Sweden

For the committee to consider the proposals received with sufficient care, proposals should be submitted no later than March 19, 2015. The committee’s proposal will be presented in the Notice of 2015 AGM and on the company website. Eltel’s AGM 2015 will take place 19 May 2015 at 3.00 pm at the company office at Adolfsbergsvägen 13 in Bromma in Stockholm, Sweden.

For more information, please contact: Päivi Hautamäki, General Counsel at Eltel AB paivi.hautamaki@eltelnetworks.com

About Eltel

Eltel is a leading European provider of technical services for critical infrastructure networks – Infranets – in the segments of Power, Communication and Transport & Defence, 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 8,500 and in 2013, Eltel sales amounted to EUR 1.15 billion.

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