Elisa - Company Announcement

NUMBER OF ELISA SHARES INCREASES TROUGH SUBSCRIPTION OF 20007B OPTION RIGHTS

ELISA STOCK EXCHANGE ANNOUNCEMENT 24 OCTOBER 2011 AT 9.55am

From 1 June 2011 to 13 October 2011, a total of 1,350 new Elisa shares have been
subscribed 2007B option rights. Subscription price, EUR 11,569.50 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 24 October 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 25 October 2011 in NASDAQ OMX Helsinki Ltd.

The number of Elisa's share after the increase is 166,339,750.

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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