Elisa - Company Announcement

NOTICE PURSUANT TO THE FINNISH SECURITIES MARKET ACT, CHAPTER 2, SECTION 10

Elisa has been notified, in accordance with Chapter 2, Section 9 of
the Finnish Securities Market Act, of a change in the company's
ownership as follows:

On  January  11,  2008,  Novator  Finland  Oy  notified  the  Finnish
Financial Supervision Authority  and Elisa  Corporation that  Novator
Finland  Oy's   shareholding  in   Elisa  Corporation   will   exceed
three-twentieths (3/20) on  February 15, 2008,  and fall again  below
three-twentieths (3/20) on March 3, 2008.

As a  result  of an  extension  of the  maturity  of an  OMX  forward
contract, Novator Finland Oy's shareholding in Elisa Corporation will
not exceed three-twentieths (3/20) on February 15, 2008.

Novator Finland  Oy today  extended the  maturity of  an OMX  forward
contract on 2,748,000  shares of Elisa  Corporation from January  18,
2008 to March  20, 2008.   Therefore,  we hereby  notify the  Finnish
Financial Supervision Authority and Elisa Corporation the following:

A. Target company:  Elisa Corporation (business identity code:
0116510-6)

B. Description  of  current shareholding:  As  at January  16,  2008,
Novator Finland  Oy  holds  24,741,680 shares  in  Elisa  Corporation
representing 14.88 percent of the  shares and voting rights in  Elisa
Corporation. The current shareholding includes 2,748,000 shares  that
Novator Finland Oy has borrowed  through OMX stock lending  contracts
that mature on January 18, 2008.

C. Shareholding as at January 18, 2008: After the above-mentioned OMX
stock lending  contracts  mature,  Novator  Finland  Oy  will  hold
21,993,680 shares in Elisa Corporation representing 13.22 percent  of
the shares and voting rights in Elisa Corporation.

D. Shareholding  as  at February  15,  2008: After  the  OMX  forward
contract on  954,110 shares  of  Elisa Corporation  matures,  Novator
Finland  Oy  will  hold    22,947,790  shares  in  Elisa  Corporation
representing 13.80 percent of the  shares and voting rights in  Elisa
Corporation.

E. Elisa Corporation's  total number of  shares is 166,307,586.  Each
share carries one voting right,  and, therefore, the shares of  Elisa
Corporation carry a total of 166,307,586 voting rights.

F. Shareholder's  full name:  Novator Finland  Oy (business  identity
code: 1965835-5)

ELISA

Vesa Sahivirta
Director, IR and financial communications

DISTRIBUTION:

Helsinki Stock Exchange
Major media