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ELISA CONTINUES ITS TENDER OFFER TO THE SHAREHOLDERS OF LOUNET OY UNTIL 17 NOVEMBER, 2006

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ELISA CORPORATION STOCK EXCHANGE ANNOUNCEMENT 2 OCTOBER 2006 AT 10.00am


ELISA CONTINUES ITS TENDER OFFER TO THE SHAREHOLDERS OF LOUNET OY UNTIL 17
NOVEMBER, 2006

Elisa has decided to extend the offer period to the shareholders of Lounet Oy to
expire 17 November, 2006 at 4.30pm. Elisa´s ownership in Lounet is now almost 80
per cent.

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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