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ELISA STARTS SHARE REPURCHASES

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ELISA CORPORATION STOCK EXCHANGE RELEASE 20 OCTOBER 2006 AT 8.45am


ELISA STARTS SHARE REPURCHASES

Elisa's Board of Directors have decided to start the purchases of a maximum of
4,000,000 Elisa shares at the earliest on 27 October 2006. The shares will be
acquired in public trading on the Helsinki Stock Exchange.

The decision is based on the authorisation that Elisa's Annual General Meeting
made on 27 March 2006 .The Board of Directors were authorised to decide on
acquiring a maximum of 16,000,000 Elisa shares. Elisa does not currently hold
treasury shares, but the company's subsidiaries hold a total of 125 000 Elisa
shares.

Treasury shares are acquired to develop the company's capital structure.

Elisa Corporation

Vesa Sahivirta
Director, IR and Financial Communication

For further information, please contact:

Mr Jari Kinnunen
CFO, tel. +358 10 262 9510

Distribution:

Helsinki Exchanges
Major media

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