Elisa - Major shareholder announcements

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

ELISA STOCK EXCHANGE RELEASE 3 NOVEMBER 2016 AT 2:10 PM

Elisa Corporation (ELISA) 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 2 November 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          4.91                       0.19    5.10
 on which threshold was crossed                                                 
 or reached                                                                     
--------------------------------------------------------------------------------
Position of previous                     5.25                       0.18    5.43
 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                           8,226,569                            4.91
SUBTOTAL A                                                                      
--------------------------------------------------------------------------------

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          80,664          0.04
 Lent                                                                           
--------------------------------------------------------------------------------
CFD                N/A           N/A          Cash         240,372          0.14
--------------------------------------------------------------------------------
                                        SUBTOTAL B         321,036          0.19
--------------------------------------------------------------------------------


ELISA CORPORATION

Vesa Sahivirta
IR Director
tel. +358 10 262 3036

Distribution:

Nasdaq Helsinki
Principal media
www.elisa.com