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SALE OF SHARES HELD IN ELISA'S JOINT BOOK-ENTRY ACCOUNT

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ELISA CORPORATION STOCK EXCHANGE ANNOUNCEMENT 31 JULY 2006 AT 6:30pm


SALE OF SHARES HELD IN ELISA'S JOINT BOOK-ENTRY ACCOUNT

Total 379 800 shares from Elisa's joint book-entry account were sold during 27.7.
- 1.8.2006 in Helsinki Stock Exchange. These shares represent approximately 0.23%
of Elisa's shares and votes.

The sale was based on the decision made by Elisa's annual general meeting on 14
March 2005 to sell the shares not transferred to book-entry account of their
owners. This sale from joint account is done in compliance with Chapter 3a,
Article 3a of the Finnish Companies Act.

The proceeds received from the sale will be deposited to the Provincial State
Office of Southern Finland. Owner of shares in joint account, or another assignee
is entitled to receive the proceeds from the shares in correspondence with the
shares owned.

ELISA CORPORATION

Vesa Sahivirta
Director, IR and Financial Communication


For further information, please contact:

Mr. Jyrki Arjanne, Tel. +358 102 624 627
Senior Corporate Counsel

Distribution:

Helsinki Exchanges
Major media

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