Elisa - Company Announcement

ELISA'S BOARD WILL INFORM ON 28TH NOVEMBER 2007 THE RATIONALE OF ITS VIEW REGARDING NOVATOR FINLAND OY'S PROPOSAL

Novator Finland Oy has on 21st of November 2007 demanded pursuant to
the Finnish companies act (chapter 5, 4§) that Elisa call an
extraordinary shareholders' meeting to decide upon proposals made by
Novator Finland Oy.  Novator has through a press release informed its
rationale concerning its proposals to amend Elisa's corporate
structure and strategy.

Because the views of Novator are different from those of the Board of
Elisa, the Board deems it necessary to communicate the rationale of
its views to all of Elisa's shareholders to ensure that they will
have sufficient  information to make their decision in the
extraordinary shareholders' meeting.  The Board will communicate such
rationale on 28TH November, 2007.

ELISA

Board

Distribution:

Helsinki Exchanges
Major media