ELISA'S EXTRAORDINARY GENERAL MEETING ON 5 DECEMBER 2005

ELISA CORPORATION STOCK EXCHANGE RELEASE 16 NOVEMBER 2005 AT 4.30pm

ELISA'S EXTRAORDINARY GENERAL MEETING ON 5 DECEMBER 2005

Elisa hereby summons shareholders to an Extraordinary General Meeting to decide
upon the election of two new members to the Board of Directors, amendment of the
Articles of Association and payment of extra dividend:

The shareholders of Elisa Corporation are invited to attend an Extraordinary
General Meeting at the Congress Wing of the Finlandia Hall at Mannerheimintie 13,
Helsinki (entrances K1 ja M1) at 12:00 noon on Monday, 5 December 2005.  The
issuing of voting slips to the shareholders attending the meeting will commence
at the above venue at 11:00am.

The following matters will be on the agenda

1. The proposal to increase the number of members on the Board of Directors by
two, so that the number on the Board of Directors be eight and, further, the
election of two members to the Board.


2. The proposal by the Board of Directors to amend the Articles of Association in
a manner that Article 13 'Voting limitation' be removed and the numbering and
references of the present Article 14 be altered accordingly.


3. Extra dividend - The Board of Directors will propose that an extra dividend of
EUR 0.40 per share be distributed. The dividend approved by the Meeting will be
paid to shareholders listed in the company's share register maintained by the
Finnish Central Securities Depository Ltd on 9 December 2005. The Board of
Directors will propose to the Meeting that the dividend be paid on 16 December
2005.

Composition of the Board of Directors

On 7 July 2005, Elisa Corporation signed an agreement with major shareholders of
Saunalahti Group Oyj to undertake to summon an Extraordinary General Meeting
after the consummation of the tender offer for Saunalahti shares. The Meeting
will propose that the number of Elisa's Board of Directors be increased by two
members. The major shareholders have notified the company of their intention to
propose to the Extraordinary General Meeting that the Meeting increase the number
of members on the Board of Directors by two new members, president and CEO Lasse
Kurkilahti and attorney Matti Manner. The present Board members are Keijo Suila,
Ossi Virolainen, Matti Aura, Mika Ihamuotila, Pekka Ketonen and Jussi Länsiö.

Eligibility to attend and registration

Shareholders registered on Friday 25 November 2005 in the company's share
register kept by the Finnish Central Securities Depository, and who have
registered for the Meeting, are eligible to attend the Extraordinary General
Meeting. Any owners of nominee registered shares wishing to attend the Meeting
and to exercise their right to vote may be temporarily registered in the share
register. To arrange temporary registration, a nominee registered shareholder
should contact their assets manager in due time before 25 November 2005.

Shareholders must announce their intention to attend the Meeting either by
writing to Elisa Corporation, Contact Center Services/ Sö A 6201, P.O. Box 30,
FIN-00061 ELISA, Finland; by telephone: +358 800 0 6242 any day of the week from
8:00am to 8:00pm; by fax: +358 10 26 22727; or by email:
yhtiokokous@yhteyspalvelut.elisa.fi. The notification must include the name of
the shareholder, any representative and contact details. Registration ends on
Sunday 27 November 2005 at 8:00pm by which the notification must have reached the
company. We request that any proxies be submitted with the notification to the
aforementioned address.

ELISA CORPORATION


Vesa Sahivirta
Director, IR and Financial Communication

Distribution:

Helsinki Stock Exchange
Major media