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ELISA CONTINUES ITS TENDER OFFER TO THE SHAREHOLDERS OF LOUNET OY

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ELISA CORPORATION STOCK EXCHANGE ANNOUNCEMENT 18 AUGUST 2006 AT 1.00pm


ELISA CONTINUES ITS TENDER OFFER TO THE SHAREHOLDERS OF LOUNET OY

The tender offer by Elisa to the shareholders of Lounet Oy for all issued shares
in Lounet will according to the terms and conditions of the tender offer expire
today 18 August, 2006. Elisa´s ownership in Lounet is currently above two thirds
(2/3) as a result of the tender offer.

Elisa has decided to extend the offer period to expire 29 September, 2006 at
4.30pm.

The terms and conditions of the tender offer are included in the tender offer
document, which is available at the places of purchase, at the main offices of
Elisa and Lounet and at the internet from www.elisa.fi/ir,
www.lounet.fi/ostotarjous and www.op.fi/saastosijoitus.

For those shareholders having a share certificate issued by and in the name of
Lounais-Suomen Puhelin Oy places of purchase are OP Bank Group's member banks'
and Helsingin OP Pankki Oyj's branch offices offering securities services, Nordea
Bank Finland Plc's asset management branches and Sampo Bank Plc's branches and
Mandatum Private Bank branches. If the shareholder has not been given a share
certificate in paper(in practice the shareholders of former Liedon Puhelin Ltd),
places of purchase are only the offices of Lounais-Suomen Osuuspankki in Lieto,
Paimio and Piikkiö.

The dividend for 2005 will be paid to shareholders at the places of purchase of
the tender offer.

ELISA CORPORATION

Vesa Sahivirta
Director, IR and Financial Communication

Distribution:

Helsinki Stock Exchange
Principal media

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