Elisa - Company Announcement

NUMBER OF ELISA SHARES INCREASES TROUGH SUBSCRIPTION OF 2007A AND 20007B OPTION RIGHTS

ELISA STOCK EXCHANGE ANNOUNCEMENT 27 JUNE 2011 AT 10.00am

 From 11 March 2011 to 31 May 2011, a total of 13,975 new Elisa shares have been
subscribed with 2007A and 2007B option rights (12,375 with 2007A and 1,600 with
2007B). Subscription price, EUR 208,247.00 has been booked into Elisa's reserve
for invested non-restricted equity. The corresponding increase in the number
Elisa shares has been entered into the Finnish Trade Register on 27 June 2011.
The shares are entitled to dividends and have the same shareholder rights as the
old shares. Trading of the new shares will begin on 28 June 2011 in NASDAQ OMX
Helsinki Ltd.

The number of Elisa's share after the increase is 166,338,400.

The subscription period for the Elisa 2007A option rights ended in 31 May
2011.The original amount of of Elisa 2007A option rights were 850,000 of which
12 375 were subscribed and the rest terminated in 1 June 2011. The subscription
period for the Elisa 2007B option rights began on 1 December 2010 and shall
expire on 31 May 2012. Elisa announced the Stock Option Scheme 2007 on 18
December 2007. The terms of it can be seen in Elisa's web site www.elisa.com.

ELISA

Vesa Sahivirta
Director, IR and financial communication
+358 10 262 3036

Distribution:

NASDAQ OMX Helsinki
Major Media
www.elisa.com


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