Elisa Oyj — Major Shareholding Notification 2015

Dec 22, 2015

Notice Pursuant to the Finnish Securities Market Act, Chapter 9, Section 5

Notice Pursuant to the Finnish Securities Market Act, Chapter 9, Section 5

ELISA STOCK EXCHANGE RELEASE 22 DECEMBER 2015 AT 11:30 AM

Elisa Corporation (ELI1V) has received the following notices in accordance with
Chapter 9, Section 5 of the Finnish Securities Market Act:

According to the notification the total number of Elisa Corporation shares
owned directly or through financial instruments by BlackRock, Inc. and its
funds first increased above five (5) per cent and then decreased below five (5)
per cent of Elisa Corporation's entire stock.

Date Number of % shares Number of % of shares and voting %
shares and voting shares and rights through total
rights voting financial instruments
instruments

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17 Dec 8,095,054 4.83 374,537 0.22 5.06
2015

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18 Dec N/A Below 5 N/A Below 5 Below
2015 5

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Total number of Elisa shares is 167,335,073 and each share carries one voting
right.

ELISA CORPORATION

Vesa Sahivirta
IR Director
tel. +358 10 262 3036

Distribution:

Nasdaq Helsinki
Principal media
www.elisa.com