Elisa - Company Announcement

ELISA STARTS SHARE REPURCHASES

Elisa's Board of Directors have decided to start the purchases of a
maximum of 3,000,000 Elisa shares. Purchase can start immediately.
The shares will be acquired in public trading on the Helsinki Stock
Exchange.

The decision is based on the authorisation that Elisa's Annual
General Meeting made on 18 March 2008.The Board of Directors were
authorised to decide on acquiring a maximum of 15,000,000 Elisa
shares. Elisa Group holds now 7,688,629 treasury shares which are
acquired to develop the company's capital structure.

Elisa Corporation

Vesa Sahivirta
Director, IR and Financial Communication,
tel. +358 05 520 5555

For further information, please contact:

Mr Jari Kinnunen
CFO, tel. +358 50 324 3521

Distribution:

Helsinki Exchanges
Major media
www.elisa.com