Elisa - Major shareholder announcements

Notice Pursuant to the Finnish Securities Market Act, Chapter 9, Section 5

ELISA STOCK EXCHANGE RELEASE 8 MARCH 2016 AT 3:30 PM

Elisa Corporation (ELI1V) has received the following notice in accordance with
Chapter 9, Section 5 of the Finnish Securities Market Act: 

According to the notification, the direct share ownership of Elisa Corporation
shares owned by BlackRock, Inc. and its funds decreased on 7 March 2016 below
five (5) per cent of Elisa Corporation’s entire stock while total ownership
directly or through financial instruments remains above 5 per cent. 

Total number of Elisa shares is 167,335,073 and each share carries one voting
right. 

Total positions of BlackRock, Inc. and its funds subject to the notification:

Date                             % shares and  % of shares and voting     %     
                                  voting        rights through financial   total
                                  rights        instruments                     
--------------------------------------------------------------------------------
Resulting situation on the date  4.86          0.24                       5.11  
 on which threshold was crossed                                                 
 or reached                                                                     
--------------------------------------------------------------------------------
Position of previous             5.01          0.24                       5.25  
 notification (if applicable)                                                   
--------------------------------------------------------------------------------


Notified details of the resulting situation on the date on which the threshold
was crossed: 

A: Shares and voting rights:

Class/type of  Number of shares and               % of shares and               
 shares         voting rights                      voting rights                
ISIN code (if                                                                   
 possible)                                                                      
--------------------------------------------------------------------------------
               Direct                Indirect     Direct             Indirect   
               (SMA 9:5)             (SMA 9:6     (SMA 9:5)          (SMA 9:6   
                                      and 9:7)                        and 9:7)  
--------------------------------------------------------------------------------
FI0009007884                         8,143,811                       4.86       
--------------------------------------------------------------------------------
SUBTOTAL A     8,143,811                          4.86                          
--------------------------------------------------------------------------------


B: Financial instruments according to SMA 9:6a:

Type of        Expirat  Exercise/     Physical or   Number of       % of shares 
 financial     ion       Conversion    cash          shares and      and voting 
 instrument     date     Period        settlement    voting rights   rights     
--------------------------------------------------------------------------------
Securities     N/A      N/A           Physical      45,561          0.02        
 Lent                                                                           
--------------------------------------------------------------------------------
CFD            N/A      N/A           Cash          371,573         0.22        
--------------------------------------------------------------------------------
                                                                                
--------------------------------------------------------------------------------
                                      SUBTOTAL B    417,134         0.24        
--------------------------------------------------------------------------------


ELISA CORPORATION

Vesa Sahivirta
IR Director
tel. +358 10 262 3036

Distribution:

Nasdaq Helsinki
Principal media
www.elisa.com