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ELISA'S HOLDING IN SAUNALAHTI REACHES 100 PER CENT

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ELISA CORPORATION STOCK EXCHANGE ANNOUNCEMENT 28 MARCH 2006 AT 11.00am


ELISA'S HOLDING IN SAUNALAHTI REACHES 100 PER CENT

Elisa has today deposited a security, as referred to in Chapter 14, Section 21 of
the Companies Act, with regard to Saunalahti Group Oyj's shares that are to be
redeemed. In conjunction with the deposit of the security, the right of ownership
to Saunalahti's shares subject to redemption has been transferred to Elisa, and
Elisa's share of ownership has accordingly increased to 100 per cent. As a
consequence of this, public quotation of Saunalahti's shares will be terminated.

The redemption price for the outstanding shares will be resolved in redemption
proceedings according to the Companies Act. Elisa has submitted a demand for
redemption at a price of EUR 2.29 per share, and approximately 3.83 million
shares subject to redemption are outstanding.

ELISA CORPORATION

Vesa Sahivirta
Director, IR and Financial Communication

Distribution:

Helsinki Stock Exchange
Principal media

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