The Shareholders’ Nomination Board’s proposal on the composition and remuneration of the Board of Directors

ELISA CORPORATION STOCK EXCHANGE RELEASE 18 JANUARY 2016 AT 3:30 PM

The Shareholders’ Nomination Board of Elisa Corporation proposes to the Annual General Meeting of 31 March 2016 that the number of members of the Board of Directors to be seven (7). The Nomination Board proposes that Mr Raimo Lind, Mr Petteri Koponen, Ms Leena Niemistö, Ms Seija Turunen, Mr Jaakko Uotila and Mr Mika Vehviläinen be re-elected as members of the Board. The Nomination Board proposes further that Ms Clarisse Berggårdh is elected as a new member of the board.

All the proposed Board Members are considered to be independent of the company and of its significant shareholders.

The Nomination Board proposes that remuneration for the members of the Board of Directors remains unchanged. The proposal does not include share transfer restrictions, but the Nomination Board requires that members of the Board hold shares in the company.

More information on the Shareholders’ Nomination Board’s proposal on the composition of the Board of Directors and its full proposal on the remuneration are available on Elisa Corporation’s website at www.elisa.com/agm. The Nomination Board’s proposals will be included in the invitation to the Annual General Meeting.

The Shareholders’ Nomination Board of Elisa Corporation is chaired by Mr Kari Järvinen (appointed by Solidium Oy). The members of the committee are Mr Reima Rytsölä (Varma Mutual Pension Insurance Company), Mr Timo Ritakallio (Ilmarinen Mutual Pension Insurance Company), Mr Ted Roberts (Nordea Funds Oy) and Mr Raimo Lind (Chairman of the Board of Directors of Elisa Corporation).

ELISA CORPORATION

Vesa Sahivirta
IR Director
tel. +358 10 262 3036

Additional information:

Kari Järvinen
Chair of the Shareholders’ Nomination Board
tel. +358 40 548 3995

Distribution:

Nasdaq Helsinki
Principal media
www.elisa.com