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ELISA STREAMLINES OPERATIONS AND INITIATES PERSONNEL NEGOTIATIONS

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ELISA CORPORATION STOCK EXCHANGE RELEASE 3 MAY 2005 AT 8.30am


ELISA STREAMLINES OPERATIONS AND INITIATES PERSONNEL NEGOTIATIONS

Elisa streamlines its operations to adapt to the rapidly changed market
situation. In accordance with a plan, the streamlining measures are scheduled for
the years 2005 - 2007.

As a part of more extensive streamlining Elisa initiates personnel negations
regarding the reorganisation of domestic operations. The objective is to simplify
and rationalise the organisation.

The anticipated staff reduction need is 80 people. The reductions concern the
managerial and supervisory tasks and support functions.  The reductions will not
apply to the personnel in direct customer interface.

Agreements on change security measures have been reached with the staff
representatives. These measures include supporting voluntary resignation and
outplacement, for instance.

The negotiations will commence on 9 May 2005. The personnel reductions are based
on productivity and restructuring reasons.

The current number of Elisa's employees is 5 200.


ELISA CORPORATION

Vesa Sahivirta
Director, IR and Financial Communications

For further information, please contact:

Mr Sami Ylikortes
Executive Vice President, Administration, tel. +358 50 563 7378

Mr Velipekka Nummikoski,
Vice President, Corporate Communications, tel. +358 50 506 5588

Distribution:

Helsinki Stock Exchange
Major media

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