Elisa - Major shareholder announcements

Notice Pursuant to the Finnish Securities Market Act, Chapter 9, Section 5

ELISA STOCK EXCHANGE RELEASE 23 MAY 2016 AT 14:40 PM

Elisa Corporation (ELISA) has received the following notice in accordance with
Chapter 9, Section 5 of the Finnish Securities Market Act: 

According to the notification, the direct share ownership of Elisa Corporation
shares owned by BlackRock, Inc. and its funds decreased on 20 May 2016 below
five (5) per cent of Elisa Corporation’s entire stock while total ownership
directly or through financial instruments remains above 5 per cent. 

Total number of Elisa shares is 167,335,073 and each share carries one voting
right. 

Total positions of BlackRock, Inc. and its funds subject to the notification:

Date                             % shares and  % of shares and voting     %     
                                  voting        rights through financial   total
                                  rights        instruments                     
--------------------------------------------------------------------------------
Resulting situation on the date  4.95          0.32                       5.27  
 on which threshold was crossed                                                 
 or reached                                                                     
--------------------------------------------------------------------------------
Position of previous             5.02          0.31                       5.34  
 notification (if applicable)                                                   
--------------------------------------------------------------------------------

Notified details of the resulting situation on the date on which the threshold
was crossed: 

A: Shares and voting rights:

Class/type of  Number of shares and               % of shares and               
 shares         voting rights                      voting rights                
ISIN code (if                                                                   
 possible)                                                                      
--------------------------------------------------------------------------------
               Direct                Indirect     Direct             Indirect   
               (SMA 9:5)             (SMA 9:6     (SMA 9:5)          (SMA 9:6   
                                      and 9:7)                        and 9:7)  
--------------------------------------------------------------------------------
FI0009007884                         8,284,420                       4.95       
--------------------------------------------------------------------------------
SUBTOTAL A     8,284,420                          4.95                          
--------------------------------------------------------------------------------

 B: Financial instruments according to SMA 9:6a:

Type of        Expirat  Exercise/     Physical or   Number of       % of shares 
 financial     ion       Conversion    cash          shares and      and voting 
 instrument     date     Period        settlement    voting rights   rights     
--------------------------------------------------------------------------------
Securities     N/A      N/A           Physical      50,246          0.03        
 Lent                                                                           
--------------------------------------------------------------------------------
CFD            N/A      N/A           Cash          500,146         0.29        
--------------------------------------------------------------------------------
                                                                                
--------------------------------------------------------------------------------
                                      SUBTOTAL B    550.392         0.32        
--------------------------------------------------------------------------------


ELISA CORPORATION

Vesa Sahivirta
IR Director
tel. +358 10 262 3036

Distribution:

Nasdaq Helsinki
Principal media
www.elisa.com