Elisa Oyj — Capital/Financing Update 2009

Feb 13, 2009

Disclosure 267121

Elisa - Company Announcement

ELISA'S MIDTERM TARGETS AND DISTRIBUTION POLICY

Elisa has updated its financial targets by the end of 2011, which are: +------------------------------------------+ | Revenue growth | above industry average | |-----------------+------------------------| | EBITDA margin | above 35 per cent | |-----------------+------------------------| | CAPEX/Sales | 10 - 12 per cent | |-----------------+------------------------| | Net Debt/EBITDA | 1.5 - 2.0 | |-----------------+------------------------| | Equity ratio | above 35 per cent | +------------------------------------------+ Elisa's distribution policy: Ordinary profit distribution is 40-60 per cent of the profit for the financial period. Distribution of profit includes dividend payment, capital repayment and purchase of treasury shares. ELISA Vesa Sahivirta Director, IR and Financial Communication tel. +35850 520 5555 Distribution: OMX Helsinki Stock Exchange Major Media www.elisa.com