Elisa - Company Announcement

Elisa’s Board of Directors resolved on incentive plans for key personnel

ELISA STOCK EXCHANGE RELEASE 12 DECEMBER 2014 AT 8:30 A.M.

Elisa's Board of Directors has approved a new share-based incentive plan for
the key personnel. The aim of the new plan is to combine the objectives of the
shareholders and the key personnel in order to increase Elisa's value, to bind
the key personnel, and to offer them a competitive reward plan based on earning
Elisa shares. The Performance Share Plan is directed to a maximum of 200
people. 

The new Performance Share Plan includes three three-year performance periods,
calendar years 2015-2017, 2016-2018 and 2017-2019. The Board of Directors will
decide on the Plan's performance criteria and required performance levels for
each criterion at the beginning of a performance period. The potential reward
of the Plan from the performance period 2015-2017 will be based on earnings per
share (EPS), on the new business revenue and on other essential goals. 

The rewards to be paid on the basis of the performance period 2015-2017
correspond to the value of an approximate maximum total of 700,000 Elisa shares
(including also the proportion to be paid in cash). The potential reward on the
basis the performance period 2015-2017 will be paid partly in shares and partly
in cash in 2018. The cash proportion is intended to cover taxes and tax-related
costs arising from the reward to the participant. As a rule, no reward will be
paid, if a participant's employment or service ends before the reward payment. 

In order to increase motivating and engaging compensation, the Board of
Directors has decided to implement the Restricted Stock Plan established in
2011. Elisa has announced the launch of the Restricted Stock Plan on 19
December 2011. The lock-up period of the rewards to be granted on the basis of
the plan consists of one-year and two-year periods. The potential reward is
based on the validity of a key person's employment. The rewards to be paid on
the basis of this stock plan correspond to the value of maximum 0.5 million
Elisa shares including also the proportion to be paid in cash. 

ELISA CORPORATION

Vesa Sahivirta
IR Director
tel. +358 10 262 3036

Distribution:

Nasdaq Helsinki
Principal media
www.elisa.com