ELISA'S PUBLIC TENDER OFFER FOR SAUNALAHTI SHARES COMMENCES
ELISA CORPORATION STOCK EXCHANGE RELEASE 17 AUGUST 2005 AT 5.00pmELISA'S PUBLIC TENDER OFFER FOR SAUNALAHTI SHARES COMMENCES On 7 July 2005, Elisa announced a public tender offer for all shares issued bySaunalahti Group Oyj. Elisa's tender offer for Saunalahti shares will commence on23 August 2005 at 9.30 a.m. Finnish time and terminate on 19 September 2005 at4.00 p.m. Finnish time unless the tender offer period is extended. The consideration offered by Elisa in the tender offer is 1 Elisa share for 5.6Saunalahti shares. Elisa will also make an offer for Saunalahti option holders,