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CHANGES IN THE AREAS OF RESPONSIBILITY I

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ELISA CORPORATION                   STOCK EXCHANGE RELEASE
                                    19 JANUARY 2004 AT 12.00am


CHANGES IN THE AREAS OF RESPONSIBILITY IN ELISA’S EXECUTIVE BOARD

Elisa Corporation reorganises its structure. The new organisation
applying to the core business in Finland consists of three units:
Customer, Products and Networks. The restructuring improves the
ability to meet market challenges and provides clearer and more
flexible customer service.

The reorganisation concerns Elisa Corporation and its fully-owned
subsidiaries, which no later than 1 July 2004 will merge into
Elisa Corporation.

The revamping affects the responsibilities of members in Elisa’s
Executive Board, as follows:

Executive Vice President Tapio Karjalainen is in charge of the
Group’s customers. Previously, he was responsible for the Elisa
Mobile business area and held the position of Oy Radiolinja Ab’s
Managing Director.

Executive Vice President Pasi Lehmus is in charge of the Group’s
products. He was previously ElisaCom Ltd’s Managing Director.

Executive Vice President Jukka Veteläsuo is in charge of the
Group’s networks. Prior to this, he was Elisa Networks Ltd’s
Managing Director.

Performance reporting will continue as before: by mobile business,
fixed network business, Germany-based business and other business.

ELISA CORPORATION

Velipekka Nummikoski
Vice President, Corporate Communications

Additional information:

Mr Velipekka Nummikoski, Vice President, Corporate Communications,
tel. +358 50 506 5588
Mr Vesa Sahivirta, Vice President, Investor Relations,
tel. +358 10 262 3036

Distribution:
Helsinki Exchanges
Major media

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