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OPPOSITION AGAINST THE MERGER OF OY RADI

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ELISA CORPORATION                      STOCK EXCHANGE RELEASE
                                       7 MAY 2004 AT 4.00pm


OPPOSITION AGAINST THE MERGER OF OY RADIOLINJA AB WITH ELISA
CORPORATION AND AN ACTION FOR ANNULMENT HAS BEEN FILED

Oy Radiolinja Ab has received an action for annulment, where six
parties involved in the redemption procedure of Radiolinja
minority shares and the action of annulment against a decision
made at Radiolinja’s Annual General Meeting in spring 2000,
demand the cancelling of the merger resolution made at Oy
Radiolinja Ab’s General Meeting in December 2003.

The aforementioned parties have filed a creditor’s objection to
the merger in the Trade Register. Due to the objection, Elisa has
made an announcement in the Q1 interim report of 29 April 2004
that the merger of Oy Radiolionja Ab with Elisa Corporation is
not likely to take place on the original scheduled date, which is
1 July 2004.

The possible delay of the merger of Oy Radiolinja Ab will not
change the operational mode and brand of the unified Elisa.
Consent to all other mergers announced on 28 October 2003 has
been received, and these processes will conform to the schedule,
also in that respect that Oy Radiolinja Ab’s subsidiaries are to
merge into Oy Radiolinja Ab.

ELISA CORPORATION

Velipekka Nummikoski
Vice President, Corporate Communications

Additional information:
Mr Jyrki Arjanne, Senior Corporate Counsel,
tel. +358 10 262 4627

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