Elisa Oyj

Major Shareholding Notification • Mar 25, 2014

Disclosure 313901

Elisa - Company Announcement

Notice Pursuant to the Finnish Securities Market Act, Chapter 9, Section 10

ELISA STOCK EXCHANGE ANNOUNCEMENT 25 March 2014 AT 15.15 PM Elisa has received the following notice in accordance with Chapter 9, Section 5 of the Finnish Securities Market Act: The proportion of the total Elisa shares and voting rights held by Varma Mutual Pension Insurance Company has decreased below five per cent (1/20). 1. Target Company: Elisa Corporation (ELI1V). 2. Justification of the flagging announcement: Share and voting rights sale on 25 March 2014 3. Date of change in holdings: 25 March 2014 4. Exact proportion of the voting rights and total number of shares in Elisa after transaction: Number of shares Share of the total number of shares Share of number of votes ------------------------------------------------------------------------------- 6,711,976 4.01 % 4.01 % ------------------------------------------------------------------------------- Total number of Elisa shares is 167,335,073 and each share carries one voting right. 5. Shareholder's full name, business identity code: Varma Mutual Pension Insurance Company (business identity code: 0533297-9). ELISA CORPORATION Mr. Vesa Sahivirta IR Director tel. +358 10 262 3036 Distribution: NASDAQ OMX Helsinki Principal media www.elisa.com