INCREASE IN ELISA'S SHARE CAPITAL ENTERED INTO TRADE REGISTER

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ELISA CORPORATION STOCK EXCHANGE ANNOUNCEMENT 15 NOVEMBER 2005 AT 9.15am

INCREASE IN ELISA'S SHARE CAPITAL ENTERED INTO TRADE REGISTER

The increase in the share capital of Elisa Corporation connected to the
completion of the public tender offer by Elisa for all shares as well as share
options of the 2002 and 2003 option programmes issued by Saunalahti Group Oyj has
today been entered into the Trade Register.

As a result of the share subscriptions, Elisa's share capital increased by EUR
12 038 453.50 to EUR 83 033 008 and the number of shares by 24 076 907 shares to
166 066 016 shares.

The new Elisa shares will be traded on the Helsinki Stock Exchange as of about 16
November 2005.

ELISA CORPORATION

Vesa Sahivirta
Director, IR and Financial Communication

Additional information:

Pekka Ekstam
M&A Director, tel. +358 50 520 5252

DISTRIBUTION:

Helsinki Stock Exchange
Major media

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