Elisa - Company Announcement

NUMBER OF ELISA'S SHARE INCREASES TROUGH SUBSCRIPTION OF 20007B OPTION RIGHTS

ELISA STOCK EXCHANGE ANNOUNCEMENT 22 MARCH 2011 AT 9.50 am

By 10 March 2011, a total of 16,839 new Elisa shares have been subscribed with
2007B option rights. Subscription price, EUR 159,465.33 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
22 March 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
23 March  2011 in NASDAQ OMX Helsinki Ltd.

The number of Elisa's share after the increase is 166,324,425.

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 the Elisa 2007B option rights 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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