Elisa successful in the Estonian 3.5 GHz 5G spectrum auction

ELISA INVESTOR NEWS RELEASE 31 MAY 2022 AT 4:15 PM

The Estonian auction for the 3.5 GHz spectrum for Elisa ended on 27 May 2022. Elisa won 130 MHz of spectrum according to its target. The new spectrum is used to build Elisa's 5G network.

The fee for the license is EUR 7.2 million and it will be paid in one installment. The license fee has no impact on Elisa's financial position nor profit distribution capabilities.

Additional information:

Mr Jari Kinnunen, CFO, tel. +358 50 324 3521

Mr Vesa Sahivirta, IR Director, tel. +358 50 520 5555

ELISA CORPORATION

Investor Relations

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