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ELISA TO SELL ESTERA BUSINESS

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ELISA CORPORATION STOCK EXCHANGE RELEASE 4 OCTOBER 2005 AT 4.35pm


ELISA TO SELL ESTERA BUSINESS

Elisa sells Estera Oy's security business to ISS Security Oy and building
automation business to Estera's operative management. The transaction with ISS
Security is a preliminary agreement scheduled to be completed in November 2005.
The impact of the transaction on Elisa's fourth quarter financial results in 2005
is estimated to be positive. The terms of the transaction will be determined for
good after the transaction becomes materialized.

Elisa has classified Estera as a non-core business activity. By divesting this
business Elisa implements its strategy to streamline the corporate structure.

Estera is a national company which provides real estate IT solutions to its
customers. The business includes systems for building automation, energy
management and technical security, as well as related telecom solutions. In 2004,
the company's revenue amounted to approximately EUR 19.8 million, EBITDA was EUR
1 million and EBIT EUR 0.1 million. At the end of 2004, the company employed 166
people.

ELISA CORPORATION

Vesa Sahivirta
Director, IR and Financial Communication

For further information, please contact:

Mr Pekka Ekstam
Vice President, M&A, tel. +358 50 5205252

DISTRIBUTION:

Helsinki Stock Exchange
Major media

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