Topi Manner appointed CEO of Elisa Corporation

ELISA STOCK EXCHANGE RELEASE – INSIDE INFORMATION 18 AUGUST 2023 AT 9.00 PM

Veli-Matti Mattila, Elisa’s CEO since 2003, considers that now it is a suitable moment to retire from Elisa. He has informed the company's Board of Directors that he will retire when the new CEO starts in the position, on 1 March 2024 at the latest. During Veli-Matti Mattila’s long career as CEO, Elisa has grown into the clear market leader in its field and a pioneer for the entire telecommunications industry, and has developed into a modern software and service company that is followed globally.

Elisa's Board of Directors would like to express their sincere thanks to Veli-Matti Mattila for his long and exceptionally meritorious work and for his successful steering of the company in the fast-developing digital world. Under Mattila's leadership, Elisa has created a continuously evolving culture of excellence that is beyond comparison and has achieved results beneficial for Elisa’s customers, employees and owners, all enjoying the industry’s best shareholder value creation.

The Board of Directors of Elisa has decided to appoint Topi Manner as the new CEO. Topi Manner is currently the CEO of Finnair Oyj. He is also a member of the Elisa’s Board of Directors, from which position he is stepping down today. Elisa’s Board of Directors now has seven members. Mr Manner will start in the position of CEO of Elisa on 1 March 2024 at the latest.

ELISA CORPORATION, BOARD OF DIRECTORS

Additional information: Mr Anssi Vanjoki, Chair of the Board of Directors

tel. +358 400 536172

Mr Vesa Sahivirta

IR Director

tel. +358 50 520 5555

Distribution:

Nasdaq Helsinki

Principal media

elisa.com