Elisa Oyj

Share Issue/Capital Change • Jun 26, 2012

Disclosure 300634

Elisa - Company Announcement

Number of Elisa Shares Increases Trough Subscription of 2007B and 2007C Option Rights

ELISA STOCK EXCHANGE ANNOUNCEMENT 26 JUNE 2012 AT 11.50am From 17 March 2012 to 31 May 2012, a total of 170,243 new Elisa shares have been subscribed with 2007B and 2007C option rights (167,993 with 2007B and 2,250 with 2007C). Subscription price, approximately EUR 1.2 million has been booked into Elisa's reserve for invested non-restricted equity. The corresponding increase in the number Elisa shares has been entered into the Finnish Trade Register on 26 June 2012. The shares are entitled to dividends and have the same shareholder rights as the old shares. Trading of the new shares will begin on 27 June 2012 in NASDAQ OMX Helsinki Ltd. The number of Elisa's share after the increase is 166,932,020. The subscription period for the Elisa 2007B option rights began on 1 December 2010 and expired on 31 May 2012. In addition, the share subscription period for 2007C stock options rights began on 1 December 2011 and will end on 31 May 2013. Elisa announced the Stock Option Scheme 2007 on 18 December 2007. The terms of it can be seen in Elisa's web site www.elisa.com. ELISA Vesa Sahivirta Director, IR and financial communication +358 10 262 3036 Distribution: NASDAQ OMX Helsinki Major Media www.elisa.com