SALE OF COMPTEL SHARES

ELISA CORPORATION STOCK EXCHANGE RELEASE 31 MAY 2005 AT 6.59pm

SALE OF COMPTEL SHARES

Elisa offered today to the investors who purchased the Comptel shares on
30.5.2005 a possibility to cancel the deal in its entirely or to keep the shares
purchased so that the purchase price is EUR 1,59 per share.

All the offered 40,946,000 Comptel Corporation shares were sold to institutional
investors on the Helsinki Stock Exchange for a EUR 1,59 share price. Due to the
cancellation of approximately 11.8 million shares these shares were re-allocated.
After the sale Elisa´s ownership of Comptel is 19.9. per sent.

The sales price was EUR 65.1 million, and Elisa will book approximately a EUR
40 million tax-free capital gain on the sale.

ELISA CORPORATION


Vesa Sahivirta
Director, IR and Financial Communication

For further information, please contact:

Ms Tuija Soanjärvi
CFO, tel. +358 50 3822606


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


Distribution:

Helsinki Stock Exchange
Major media

About Us

Elisa is a pioneer in telecommunications and digital services. We serve approximately 2.8 million consumer, corporate and public administration organisation customers, and have over 6.3 million subscriptions in our extensive network. Cooperation with Vodafone and Tele2, among others, enables globally competitive services. Our core markets are Finland and Estonia, and we also provide digital services for international markets. Elisa’s shares are listed on the Nasdaq Helsinki. In 2019, our revenue was EUR 1.84 billion euros, and we employed 4,900 people. As a responsible Finnish market leader, our operations are guided by continuous improvement. We will be a carbon neutral company from 2020 onwards. Further information on www.elisa.com , Facebook (@elisasuomi) and Twitter (@ElisaOyj)

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