NOTICE PURSUANT TO THE FINNISH SECURITIES MARKET ACT, CHAPTER 2, SECTION 10

10/13/2008, 10:15 AM (Source: GlobeNewswire)

Elisa+0.54%

55.70
Chart for: Elisa Corporation
Elisa has received the following notice in accordance with Chapter 2,
Section 9 of the Finnish Securities Market Act:

1. Target company: Elisa Corporation (business identity
code:01116510-6)

2. Justification of the flagging announcement:

Varma Mutual Pension Insurance Company hold more than 10 per cent of
Elisa's shares and votes.

3. Date of change in holdings: 13 October, 2008


+-------------------------------------------------------------------+
| | Number of | Percentage of | Percentage of |
| | shares | shares | voting rights |
|----------------------+------------+---------------+---------------|
| Shareholding before | | | |
| the change | 2,999,196 | 1.80 | 1.80 |
|----------------------+------------+---------------+---------------|
| Shareholding 13 | | | |
| October, 2008 | 20,304,976 | 12.21 | 12.21 |
+-------------------------------------------------------------------+


4. Exact proportion of the voting rights and total number of shares
in Elisa

Elisa's total number shares 166,307,586 and each share carries on
voting right.

An announcement from the Finnish State to Varma

The Finnish State has announced that Varma is entitled to oblige the
Finnish State to redeem at least 50 per cent of Elisa Corporation
shares (purchased by Varma on 13 October 2008) at today's purchase
price and to use this right at its discretion once the State has made
the necessary financing decisions.

ELISA

Vesa Sahivirta
Director, IR and financial communication
+358 50 520 5555

Distribution:

Helsinki Exchanges
Major Media
www.elisa.com


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