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ELISA'S DISTRIBUTION POLICY

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ELISA CORPORATION STOCK EXCHANGE RELEASE 28 OCTOBER 2004 AT 8.20am


ELISA'S DISTRIBUTION POLICY

The Board of Directors has updated Elisa's distribution policy, according to
which the distribution is 40 - 60 per cent of net profit. The distribution
includes dividend payment and acquisition of own shares.

ELISA CORPORATION
Velipekka Nummikoski
Vice President, Corporate Communications


Distribution:
Helsinki Stock Exchange
Major media

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