Elisa Oyj

Major Shareholding Notification • Mar 8, 2016

Disclosure 331057

Elisa - Major shareholder announcements

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

ELISA STOCK EXCHANGE RELEASE 8 MARCH 2016 AT 3:30 PM Elisa Corporation (ELI1V) has received the following notice in accordance with Chapter 9, Section 5 of the Finnish Securities Market Act: According to the notification, the direct share ownership of Elisa Corporation shares owned by BlackRock, Inc. and its funds decreased on 7 March 2016 below five (5) per cent of Elisa Corporation’s entire stock while total ownership directly or through financial instruments remains above 5 per cent. Total number of Elisa shares is 167,335,073 and each share carries one voting right. Total positions of BlackRock, Inc. and its funds subject to the notification: Date % shares and % of shares and voting % voting rights through financial total rights instruments -------------------------------------------------------------------------------- Resulting situation on the date 4.86 0.24 5.11 on which threshold was crossed or reached -------------------------------------------------------------------------------- Position of previous 5.01 0.24 5.25 notification (if applicable) -------------------------------------------------------------------------------- Notified details of the resulting situation on the date on which the threshold was crossed: A: Shares and voting rights: Class/type of Number of shares and % of shares and shares voting rights voting rights ISIN code (if possible) -------------------------------------------------------------------------------- Direct Indirect Direct Indirect (SMA 9:5) (SMA 9:6 (SMA 9:5) (SMA 9:6 and 9:7) and 9:7) -------------------------------------------------------------------------------- FI0009007884 8,143,811 4.86 -------------------------------------------------------------------------------- SUBTOTAL A 8,143,811 4.86 -------------------------------------------------------------------------------- B: Financial instruments according to SMA 9:6a: Type of Expirat Exercise/ Physical or Number of % of shares financial ion Conversion cash shares and and voting instrument date Period settlement voting rights rights -------------------------------------------------------------------------------- Securities N/A N/A Physical 45,561 0.02 Lent -------------------------------------------------------------------------------- CFD N/A N/A Cash 371,573 0.22 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- SUBTOTAL B 417,134 0.24 -------------------------------------------------------------------------------- ELISA CORPORATION Vesa Sahivirta IR Director tel. +358 10 262 3036 Distribution: Nasdaq Helsinki Principal media www.elisa.com