ELISA'S GERMANY-BASED BUSINESS

ELISA CORPORATION                   STOCK EXCHANGE RELEASE
                                12 FEBRUARY 2004 AT 8.16 am

ELISA'S GERMANY-BASED BUSINESS

Elisa has specified its business strategy and determined that the
Germany-based business is not included its core businesses. Elisa
has initiated negotiations on divesting the above-said business
operations.

Elisa's strategy is to focus on telecommunication services in its
main market area Finland.

ELISA CORPORATION

Velipekka Nummikoski
Vice President, Corporate Communications

Additional information:

Mr Veli-Matti Mattila, President and CEO, tel. +358 10 262 2635

Distribution

Helsinki Exchanges
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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