THE EXCHANGE SPREADS AND THE NEW ISSUE S
ELISA CORPORATION STOCK EXCHANGE RELEASE 10 SEPTEMBER 2004 AT 3.00 p.m.
THE EXCHANGE SPREADS AND THE NEW ISSUE SPREAD FOR ELISAS EXCHANGE OFFER Elisa announced today the Exchange Spreads and the New Issue Spread for the Exchange Offer published on 1 September 2004. The Exchange Spread for the 2006 maturing bond is set at 20 bps over the Benchmark Rate. The Benchmark rate is the BUND 6,00% due 5 January 2006. The Exchange Spread for the 2007 maturing bond is set at 33 bps over the Benchmark Rate. The Benchmark rate is the BUND 6,00% due 4 January 2007. The New Issue Spread is set at 67 bps over the Benchmark Rate. The Benchmark Rate is 7 Year Mid-Swap rate. The Exchange Offer will Expire on 17 September 2004 and the Announcement of Pricing, Acceptance of the Exchange Offer and Aggregate Principal Amounts will be announced on 20 September 2004. The Terms of the Exchange Offer including the distribution and subscription restrictions including the Minimum Tender Amount can be found in the Exchange Offer Memorandum. Exchange Offer Memorandum can be obtained from the Exchange, Listing and Information Agents. ELISA CORPORATION VeliPekka Nummikoski Vice President, Corporate Communications Additional Information: Juha Kervinen, Group Treasurer, tel +358 10 262 3625 Dealer Manager UBS Limited Liability Management Group Tel. + 44 207 568 3118 Co-Dealer Manager OKO Osuuspankkien Keskuspankki Oyj Debt Capital and Treasury markets Tel. +358 9 404 797 Exchange Agents JPMorgan Chase Bank Rachel Owens / Karen Sheridan Tel. +44 20 7777 5410 OKO Osuuspankkien Keskuspankki Oyj Sinikka Laurila / Maija Hasanen Tel. +358 9 404 760 JPMorgan Bank Luxemburg S.A. ITS Operations Tel. +35 2 46268 5804 Listing Agent Dexia Banque Internationale à Luxembourg Transaction Execution Group Tel. +35 2 4590 1 Information Agent Bondholder Communications Group Tel. +44 207 236 0788 www.bondcom.com/elisa