ELISA SUBMITS A BID TO TIKKA COMMUNICATIONS OY'S SHAREHOLDERS

ELISA CORPORATION STOCK EXCHANGE RELEASE           29 APRIL 2005 AT 8.00am

ELISA SUBMITS A BID TO TIKKA COMMUNICATIONS OY'S SHAREHOLDERS

Elisa offers to buy all the shares of Joensuu-based Tikka Communications Oy.
Elisa will pay EUR 1 940 for one Tikka Communications share. In addition to this,
the dividend for 2004 recommended by the company's Board of Directors will remain
with the seller of the share. The total price of the bid is approximately EUR 36
million. The offer will commence on or about 18 May 2005. The document, terms and
trading places of the offer will be disclosed on or about 16 May 2005.

Prior to the offer Elisa owns approximately 26 per cent of Tikka Communications'
shares. Carrying out the offer requires that Tikka Communications' Annual General
Meeting decides on amending Tikka's Articles of Association in a manner presented
by Tikka's Board of Directors. Tikka's Board of Directors intends to recommend
that all shareholders accept the offer.

Shareholders whose aggregate holding totals 12 per cent of Tikka's shares have
announced to accept Elisa's offer.

The company's anticipated sales for 2005 is EUR 30.3 million and EBITDA EUR 7.6
million. The company's liquid assets are approximately EUR 20.6 million, and the
number of personnel is 360. The company has approximately 12 000 shareholders.

ELISA CORPORATION

Velipekka Nummikoski
Vice President, Corporate Communications

For further information, please contact:

Mr Pekka Ekstam, Vice President, M&A
Tel. +358 50 520 5252

Distribution:

Helsinki Stock Exchange
Major media