NOTICE PURSUANT TO THE FINNISH SECURITIES MARKET ACT, CHAPTER 2, SECTION 10

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ELISA CORPORATION    STOCK EXCHANGE ANNOUNCEMENT 16 NOVEMBER 2005 AT 9.35am

NOTICE PURSUANT TO THE FINNISH SECURITIES MARKET ACT, CHAPTER 2, SECTION 10

We hereby announce that Elisa Oyj has been notified, in accordance with Chapter
2, Section 9 of the Finnish Securities Market Act, of a change in the company's
ownership.

Novator Finland Oy's ownership of Elisa Oyj's votes and share capital has risen
over one-tenth (1/10). Novator has announced that By the completion of the Tender
Offer and taking into account further consolidation within the Novator Group (and
including previous shareholding in Elisa), Novator Finland Oy's holding of the
share capital in Elisa will increase to approximately 10.1 percent and voting
rights to approximately 10.1 percent.

Shareholder: Novator Finland Oy
Number of shares: 16 769 424
Proportion of share capital: 10,1%
Date of change in holdings: 15 November 2005

The share capital of Elisa Oyj comprises in total 166 066 016 shares that each
has one vote.

ELISA CORPORATION

Vesa Sahivirta
Director, IR and financial communications

DISTRIBUTION:

Helsinki Stock Exchange
Major media

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