THE EXCHANGE SPREADS AND THE NEW ISSUE S
ELISA CORPORATION STOCK EXCHANGE RELEASE 10 SEPTEMBER 2004 AT 3.00p.m.THE EXCHANGE SPREADS AND THE NEW ISSUE SPREAD FOR ELISAS EXCHANGEOFFER Elisa announced today the Exchange Spreads and the New IssueSpread for the Exchange Offer published on 1 September 2004. The Exchange Spread for the 2006 maturing bond is set at 20 bpsover the Benchmark Rate. The Benchmark rate is the BUND 6,00% due5 January 2006. The Exchange Spread for the 2007 maturing bond is set at 33 bpsover the Benchmark Rate. The Benchmark rate is the BUND 6,00% due4 January 2007. The New Issue Spread is set at 67