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

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Elisa has been notified, in accordance with Chapter 2, Section 9 of
the Finnish Securities Market Act, of a change in the company's
ownership as follows:

As a result of an OMX forward contract Novator Finland Oy has entered
into 11 January 2008, the holdings  of Novator Finland Oy will,  when
such forward contract  matures on February  15, 2008, represent  more
than three-twentieths  (3/20)  of the  voting  rights and  the  total
number of shares of Elisa Corporation.

Furthermore, as a result of  an OMX forward contract Novator  Finland
Oy has entered into  previously, the holdings  of Novator Finland  Oy
will, when such forward contract matures on March 3, 2008, fall below
three-twentieths (3/20)  of the  voting rights  and total  number  of
shares of Elisa Corporation. Therefore, we hereby notify the  Finnish
Financial Supervision Authority and Elisa Corporation the following:

A. Target company:  Elisa Corporation (business identity code:
0116510-6)

B. Novator Finland  Oy's exact  proportion of the  voting rights  and
total number  of shares  in  Elisa Corporation  will, after  the  OMX
forward  contract  regarding  954,110  shares  of  Elisa  Corporation
matures on February 15, 2008, be the following:



                               Number of  Percentage of Percentage of
                               shares     shares        voting rigths

Current shareholding           24,741,680 14.88%        14.88%

OMX forward contract:          954,110    0.57%         0.57%

Aggregate holding of Novator
Finland Oy on February 15,
2008                           25,695,790 15.45%        15.45%


C. Novator Finland Oy's exact proportion of the voting rights and
total number of shares in Elisa Corporation will, after the OMX
forward contract regarding 2,900,000 shares matures on March 3, 2008,
be the following:



                               Number of  Percentage of Percentage of
                               shares     shares        voting rigths
Shareholding after February
15, 2008                       25,695,790 15.45%        15.45%

Sold OMX forward contract      2,900,000  1.74%         1.74%

Aggregate holding of Novator
Finland Oy on March 3, 2008
                               22,795,790 13.71%        13.71%


D. Description  of current  shareholdings: As  at January  11,  2008,
Novator Finland holds  24,741,680 shares in  Elisa Corporation.   The
current shareholding includes 2,748,000  shares that Novator  Finland
Oy has acquired  in the  form of  OMX forward  contracts maturing  on
January  18,  2008.    Novator  Finland  Oy  has  also  borrowed  the
corresponding amount of  shares through OMX  stock lending  contracts
that mature at same time as the forward contracts and, therefore, the
total shareholding of Novator Finland Oy in Elisa Corporation will be
unaffected at maturity.

E. Shareholding  as  at February  15,  2008: After  the  OMX  forward
contract matures, Novator Finland  Oy's holding in Elisa  Corporation
will amount to 25,695,790 shares.

F. Shareholding as at March 3,  2008: After the OMX forward  contract
matures, Novator  Finland  Oy's  holding in  Elisa  Corporation  will
amount to 22,795,790 shares.

G. Elisa Corporation's  total number of  shares is 166,307,586.  Each
share carries one voting right,  and, therefore, the shares of  Elisa
Corporation carry a total of 166,307,586 voting rights.

H. Shareholder's  full name:  Novator Finland  Oy (business  identity
code: 1965835-5)

ELISA

Vesa Sahivirta
Director, IR and financial communications

DISTRIBUTION:

Helsinki Stock Exchange
Major media

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