Elisa - Company Announcement

Standard & Poor’s upgraded Elisa’s credit rating

ELISA STOCK EXHANGE RELEASE 18 MARCH 2015 AT 5:15 P.M.

Standard & Poor's announced today it raised its long-term corporate credit
rating of Elisa to ‘BBB+' from ‘BBB'. The outlook is stable. At the same time,
Standard & Poor's affirmed its ‘A-2' short-term corporate credit rating on the
company. 

Standard & Poor's justifies the upgrade among other things with Elisa's
profitability, cash flow and robust balance sheet. 

According to CFO Jari Kinnunen the upgrade of credit rating also reflects the
determined work on strategy execution and improving competitiveness. Upgrade
has no material impact on finance expenses on a short term. 

Standard & Poor's published today its research update on Elisa's credit
ratings. Research update is available on Elisa's website
www.elisa.com/investors 

ELISA CORPORATION

Mr. Vesa Sahivirta
IR Director
tel. +358 10 262 3036

Additional information:

Mr. Juha Kervinen
Group Treasurer
tel. +358 10 262 3625

Distribution:

Nasdaq Helsinki
Principal media
www.elisa.com