Elisa Oyj

Share Issue/Capital Change • Oct 24, 2007

Disclosure 241281

Elisa - Company Announcement

THE PERIOD OF PUBLIC ANNOUNCEMENT OF REDUCING THE SHARE PREMIUM ACCOUNT HAS EXPIRED

On 28 June 2007, Elisa's AGM resolved to transfer the funds in the share premium fund to the invested free equity fund. As part of the process, the Trade Register has issued a public announcement to the company's creditors, setting a deadline for the creditors' opposition that expired on 23 October 2007. Elisa has been informed about cases of opposition filed in the Trade Register that may delay the implementation of the resolution. When required, Elisa will set a security for the receivables reported by the creditors as prescribed by the Companies Act. Elisa will seek a court confirmation regarding the adequacy of the security, following which the reduction of the share premium fund can be implemented. ELISA CORPORATION Vesa Sahivirta Vice President, IR and Financial Communication Further information: Jyrki Arjanne, tel. 0102 624 627 Legal Counsel Distribution: Helsinki Stock Exchange Major media