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SUBSIDIARIES MERGED INTO ELISA CORPORATI

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ELISA CORPORATION                   STOCK EXCHANGE ANNOUNCEMENT
                                    1 JULY 2004 AT 9.00am


SUBSIDIARIES MERGED INTO ELISA CORPORATION, OY RADIOLINJA AB’S
NAME CHANGED TO ELISA MATKAPUHELINPALVELUT LTD

On 28 October 2003, Elisa Corporation announced of its intention
to merge group companies. Mergers whereby the assets and
liabilities of the following companies were transferred to Elisa
Corporation have been entered in the Trade Register: Elisa
Solutions Ltd, Invoicia Ltd, Elisa Internet Ltd, Elisa Networks
Ltd, Soon Net Ltd, Soon Com Ltd, Oy Heltel Ab, ElisaCom Ltd,
RPOCom Oy and Riihimäen Puhelin Oy.

As stated in the Interim Report on 29 April, Oy Radiolinja Ab’s
merger into Elisa Corporation will be delayed. In accordance with
the announced plan, the following companies have merged into Oy
Radiolinja Ab: Radiolinja Aava Oy, Radiolinja Suomi Oy, Radiolinja
Origo Oy and Witem Oy.

Changing the name Oy Radiolinja Ab to Elisa Matkapuhelinpalvelut
Ltd was entered in the Trade Register today.

ELISA CORPORATION
Velipekka Nummikoski
Vice President, Corporate Communications

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