ELISA'S ACTIONS CONCERNING THE SALES OF COMPTEL SHARES

ELISA CORPORATION STOCK EXCHANGE RELEASE 31 MAY 2005 AT 2.45pm

ELISA'S ACTIONS CONCERNING THE SALES OF COMPTEL SHARES

Concerning the sales of Comptel shares on 30 May 2005, Elisa states that it had
no knowledge of the reasons that led to Comptel Corporation giving out
preliminary information on the outlook for 2005.

Elisa offers the investors who purchased the Comptel shares a possibility to
cancel the deal in its entirety or to keep the shares purchased so that the
purchase price is EUR 1,58 per share.

Elisa will inform on the financial effects of this change later on.

ELISA CORPORATION

Vesa Sahivirta
Director, IR and Financial Communication

For further information, please contact:

Ms Tuija Soanjärvi
CFO, tel. +358 50 3822606


Mr Pekka Ekstam
Vice President, M&A, tel. +358 50 5205252


Distribution:

Helsinki Stock Exchange
Major media

About Us

Elisa is a pioneer in telecommunications and digital services. We serve approximately 2.8 million consumer, corporate and public administration organisation customers, and have over 6.3 million subscriptions in our extensive network. Cooperation with Vodafone and Tele2, among others, enables globally competitive services. Our core markets are Finland and Estonia, and we also provide digital services for international markets. Elisa’s shares are listed on the Nasdaq Helsinki. In 2019, our revenue was EUR 1.84 billion euros, and we employed 4,900 people. As a responsible Finnish market leader, our operations are guided by continuous improvement. We will be a carbon neutral company from 2020 onwards. Further information on www.elisa.com , Facebook (@elisasuomi) and Twitter (@ElisaOyj)

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