Elisa - Company Announcement

ELISA'S EXTRAORDINARY GENERAL MEETING ON 18 DECEMBER 2007

Pursuant to Chapter 5, Section 4 of the Finnish Companies Act,
Novator Finland Oy has ask to convene an Extraordinary General
Meeting.

The shareholders of Elisa Corporation are invited to attend an
Extraordinary General Meeting at 11:00 on Tuesday, 18 December 2007.

The following matters will be on the agenda

Novator Finland Oy's proposals to the General Meeting:

1. Release of the current members of the Board of Directors from
their office.

Novator Finland Oy proposes that all of the current members of the
Board of Directors of the Company be released with immediate effect
from their office by a resolution of the Extraordinary General
Meeting.

2. Election of a new Board of Directors.

Novator Finland Oy proposes to elect a new Board of Directors of the
Company at the Extraordinary General Meeting. The new Board of
Directors may include current members of the Board of Directors of
the Company.

3. Amend the Articles of Association.

Novator Finland Oy proposes that the Extraordinary General Meeting
resolves to amend Paragraph 2 (Field of Activity) of the Articles of
Association of the Company to read as follows:"The Company may. directly by itself and/or through its subsidiaries
and/or associated companies, (i) carry on general telecommunications
business in Finland and abroad, provide telecommunications services
and related equipment as well as carry on consultation, research and
inspection activities in respect of telecommunications, and/or (ii)
own real property and securities as well as trade in securities and
carry on investments and financing activities. The Company shall in
its operations pay attention to the requirements of bilingualism."

The proposed amendment would allow the newly elected Board of
Directors to initiate the necessary actions for the restructuring of
the Company and its operations, which could include the establishment
of a subsidiary into which all of the operative business of the
Company would be transferred. Novator Finland Oy believes that such
structure would increase the flexibility of the Company's management
and operations, financial structure, risk profile and future
direction and would therefore be beneficial for the Company and all
of its shareholders.

Eligibility to attend and registration

Shareholders registered on Friday 7 December 2007 in the company's
share register kept by the Finnish Central Securities Depository, and
who have registered for the Meeting, are eligible to attend the
Extraordinary General Meeting. Any owners of nominee registered
shares wishing to attend the Meeting and to exercise their right to
vote may be temporarily registered in the share register. To arrange
temporary registration, a nominee registered shareholder should
contact their assets manager in due time before 7 December 2007.


ELISA CORPORATION

Vesa Sahivirta
Director, IR and Financial Communication

Distribution:

Helsinki Stock Exchange
Major media