Elisa

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

Elisa has received the following notice in accordance with Chapter 2,

Section 9 of the Finnish Securities Market Act:

The proportion of the total Elisa shares and voting rights held by mutual funds under investment management of Capital Research and Management Company has exceeded five per cent (1/20)

1.  Target Company: Elisa Corporation (ELI1V).

2. Justification of the flagging announcement: Share purchases on 28 December 2010

3. Date of change in holdings: 28 December 2010

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

Total number of Elisa shares is 166,307,586 and each share carries one voting right.

5. Shareholder’s full name, business identity code:

Capital Research and Management Company. (USA Tax ID 95-1411037).

Capital Research and Management Company does not own the shares for its own account. The shares are owned by mutual funds under the discretionaly investment management of Capital Research and Management Company.

ELISA

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

Distribution:

NASDAQ OMX Helsinki
Major Media
www.elisa.com

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

BlackRock Inc.'s proportion of the total number of Elisa shares and voting rights has decreased below 5 % (1/20)

1. Target Company: Elisa Corporation (ELI1V).

2. Justification of the flagging announcement: Disposal of shares 20 May 2010

3. Date of change in holdings: 20 May 2010

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

Total number of Elisa shares is 166,307,586 and each share carries one voting right.

5. Shareholder's full name, business identity code:

BlackRock Inc. (USA Tax ID 32-0174421, SEC CIK Code#: 0001364742)

ELISA

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

Distribution:

NASDAQ OMX Helsinki
Major Media
www.elisa.com

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

BlackRock Inc.’s proportion of the total number of Elisa shares and voting rights has exceeded 5 % (1/20)

1.  Target Company: Elisa Corporation (ELI1V).

2. Justification of the flagging announcement: The combined holdings due to BlackRock’s acquisition of Barclays Global Investors.

3. Date of change in holdings: 1 December 2009

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

Total number of Elisa shares is 166,307,586 and each share carries one voting right.

5. Shareholder’s full name, business identity code:
    BlackRock Inc. (USA Tax ID 32-0174421, SEC CIK Code#: 0001364742)

ELISA

Vesa Sahivirta
Director, IR and Financial Communication
+358 50 520 5555

Distribution:

NASDAQ OMX Helsinki
Major Media
www.elisa.com

Elisa has been notified, in accordance with Chapter 2, Section 9 of the Finnish Securities Market Act, of a change in the company's ownership as follows:

DNA Oy (direct and indirect), Lännen Puhelin Oy, Oulun Puhelin Holding Oyj, Kuopion Puhelin Sijoitus Oy, Kuopion Puhelin OY and PHP Liiketoiminta Oyj aggregate ownership in Elisa shares and votes decreases below 5 per cent.

Identity of the issuer of shares:

Elisa Oyj (Business ID: 0116510-6)

Reason for the notification:

Share transactions made in 28 September 2009

Proportion of shares and voting rights of Elisa:

DNA Oy, Lännen Teletieto Oy and Oulun Puhelin Holding Oyj have sold all their Elisa shares.

PHP Liiketoiminta Oyj´s, KPY Sijoitus Oy´s,  Kuopion Puhelin Oy´s aggregate ownership in Elisa shares and votes decreases below 5 per cent as follows:

Elisa’s total number of shares is 166,307,586 each carrying one vote.

ELISA

Vesa Sahivirta
Director, IR and Financial Communications
tel. +358 50 520 5555

Distribution:

NASDAQ OMX Helsinki
Principal media
www.elisa.com

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

Solidium Oy’s proportion of the total number of Elisa shares and voting rights has exceeded 10 % (1/10)

1. A. Target company:  Elisa Corporation (ELI1V).

2. Justification of the flagging announcement: Share transactions made in 16 June 2009

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

    Solidium owns now Elisa’s sharea as follows:

Total number of Elisa shares is 166,307,586 and each share carries one voting right.

5. Shareholders’ full names, business identity codes:
    Solidium Oy (business identity code: 2245475-9)

ELISA

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

Distribution:

NASDAQ OMX Helsinki
Major Media
www.elisa.com

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

The Government of Finland and Solidium Oy (business identity code: 2245475-9) announce the ownership arrangement  with a consequence that the ownership of The Government of Finland decreases and the ownership of Solidium Oy increases to the limits set out in the Finnish Securities Market Act chapter 2 section 9 in Elisa.

The Government of Finland has in 11 June 2009 transferred the Elisa shares it owns to  its fully-owned company Solidium Oy as a non-cash subscription transfer. After the transfer the Government of Finland has no direct ownership of Elisa’s shares. The number of Elisa shares that has transferred to Solidium Oy and their portion of all Elisa shares is as follows:

Target company: Elisa Corporation (ELI1V)

Total number of Elisa shares is 166,307,586 and each share carries one voting right.

ELISA

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

Distribution:

NASDAQ OMX Helsinki
Major Media
www.elisa.com

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

The Government of Finland announces a share purchase which results its ownership to increase over the limits set out in the Finnish Securities Market Act chapter 2 section 9 in Elisa (ELI1V).

The Government of Finland has today purchased from Varma Mutual Pension Insurance Company (business identity code: 0533297-9) 16,000,000 Elisa shares. The purchased shares correspond to 9.62 per cent of Elisa’s shares and voting rights. After the purchase the ownership of the Government of Finland is 9.62 per cent of Elisa’s shares and voting rights.

Total number of Elisa shares is 166,307,586 and each share carries one voting right.

ELISA

Vesa Sahivirta
Director, IR and Financial Communication
+358 50 520 5555

Distribution:

NASDAQ OMX Helsinki
Major Media
www.elisa.com

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:0116510-6)

2. Justification of the flagging announcement:

Varma Mutual Pension Insurance Company (business identity code: 0533297-9) has today sold 16.000.000 Elisa’s shares to the State of Finland. After the deal Varma Mutual Pension Insurance Company hold less than 10 per cent of Elisa’s shares and votes.

3. Date of change in holdings: 19 December, 2008

Total number of Elisa shares is 166,307,586 and each share carries one voting right.

ELISA

Vesa Sahivirta
Director, IR and Financial Communication
+358 50 520 5555

Distribution:

NASDAQ OMX Helsinki
Major Media
www.elisa.com

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 15 per cent of Elisa’s shares and votes.

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

Varma owned 12.21 per cent or 20,403,976 Elisa Corporation shares and votes. Varma flagged this ownership earlier today.

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

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:

As a result of an agreement between Varma Mutual Pension Insurance Company and Novator Finland Oy (business identity code: 1965835-5) Novator Finland Oy  notified Elisa Corporation that its shareholding in Elisa Corporation has decreased below one-twentieth (5%) and is zero (0%).

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

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.

ELISA

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

Distribution:

Helsinki Exchanges
Major Media
www.elisa.com

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

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

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

1. Target company:  Elisa Oyj (business identity code: 0116510-6)

2. Justification of the flagging announcement:

Ilmarinen Mutual Pension Insurance Company, Varma Mutual Pension Insurance Company, The State Pension Fund,  Etera Mutual Pension Insurance Company and Mutual Insurance Company Pension Fennia, which together hold more than 5 per cent of Elisa’s shares and votes refer to the flagging  announcement given in 13 December 2007 and notify now that the flagging justification given in the flagging announcement in 13 December 2007 is expired after the Extraordinary General Meeting have been held in 21 January 2008. Ilmarinen Mutual Pension Insurance Company’s, Varma Mutual Pension Insurance Company’s, The State Pension Fund’s,  Etera Mutual Pension Insurance Company’s and Mutual Insurance Company Pension Fennia’s portion of Elisa’s shares and votes alone for every company is below one-twentieths (5 per cent).

Some proxies given by the owners  are valid also after the Extraordinary General Meeting.

3. Date of change in holdings: January 21, 2008

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

The share of all the companies given the flagging announcement is below one-twentieths (5 per cent). Elisa’s total number of shares is 166,307,586 and each share carries one voting right.

Shareholders’ full names, business identity codes:

Ilmarinen Mutual Pension Insurance Company, business identity code 0107638-1
Varma Mutual Pension Insurance Company, business identity code 0533297-9,
The State Pension Fund, business identity code 1583293-4
Etera Mutual Pension Insurance Company, business identity code 0117086-1
Mutual Insurance Company Pension Fennia,  business identity code 0201104-5

ELISA

Vesa Sahivirta
Director, IR and financial communication

Distribution:

Helsinki Exchanges
Major media

Elisa has been notified, in accordance with Chapter 2, Section 9 of the Finnish Securities Market Act, of a change in the company's ownership as follows:

On January 11, 2008, Novator Finland Oy notified the Finnish Financial Supervision Authority and Elisa Corporation that Novator Finland Oy’s shareholding in Elisa Corporation will exceed three-twentieths (3/20) on February 15, 2008, and fall again below three-twentieths (3/20) on March 3, 2008.

As a result of an extension of the maturity of an OMX forward contract, Novator Finland Oy’s shareholding in Elisa Corporation will not exceed three-twentieths (3/20) on February 15, 2008.

Novator Finland Oy today extended the maturity of an OMX forward contract on 2,748,000 shares of Elisa Corporation from January 18, 2008 to March 20, 2008.  Therefore, we hereby notify the Finnish Financial Supervision Authority and Elisa Corporation the following:

A. Target company:  Elisa Corporation (business identity code: 0116510-6)

B. Description of current shareholding: As at January 16, 2008, Novator Finland Oy holds 24,741,680 shares in Elisa Corporation representing 14.88 percent of the shares and voting rights in Elisa Corporation. The current shareholding includes 2,748,000 shares that Novator Finland Oy has borrowed through OMX stock lending contracts that mature on January 18, 2008.

C. Shareholding as at January 18, 2008: After the above-mentioned OMX stock lending contracts mature, Novator Finland Oy will hold 21,993,680 shares in Elisa Corporation representing 13.22 percent of the shares and voting rights in Elisa Corporation.

D. Shareholding as at February 15, 2008: After the OMX forward contract on 954,110 shares of Elisa Corporation matures, Novator Finland Oy will hold  22,947,790 shares in Elisa Corporation representing 13.80 percent of the shares and voting rights in Elisa Corporation.

E. Elisa Corporation’s total number of shares is 166,307,586. Each share carries one voting right, and, therefore, the shares of Elisa Corporation carry a total of 166,307,586 voting rights.

F. Shareholder’s full name: Novator Finland Oy (business identity code: 1965835-5)

ELISA

Vesa Sahivirta
Director, IR and financial communications

DISTRIBUTION:

Helsinki Stock Exchange
Major media

Elisa has been notified, in accordance with Chapter 2, Section 9 of the Finnish Securities Market Act, of a change in the company's ownership as follows:

As a result of an OMX forward contract Novator Finland Oy has entered into 11 January 2008, the holdings of Novator Finland Oy will, when such forward contract matures on February 15, 2008, represent more than three-twentieths (3/20) of the voting rights and the total number of shares of Elisa Corporation.

Furthermore, as a result of an OMX forward contract Novator Finland Oy has entered into previously, the holdings of Novator Finland Oy will, when such forward contract matures on March 3, 2008, fall below three-twentieths (3/20) of the voting rights and total number of shares of Elisa Corporation. Therefore, we hereby notify the Finnish Financial Supervision Authority and Elisa Corporation the following:

A. Target company:  Elisa Corporation (business identity code: 0116510-6)

B. Novator Finland Oy’s exact proportion of the voting rights and total number of shares in Elisa Corporation will, after the OMX forward contract regarding 954,110 shares of Elisa Corporation matures on February 15, 2008, be the following:

C. Novator Finland Oy’s exact proportion of the voting rights and total number of shares in Elisa Corporation will, after the OMX forward contract regarding 2,900,000 shares matures on March 3, 2008, be the following:

D. Description of current shareholdings: As at January 11, 2008, Novator Finland holds 24,741,680 shares in Elisa Corporation.  The current shareholding includes 2,748,000 shares that Novator Finland Oy has acquired in the form of OMX forward contracts maturing on January 18, 2008.  Novator Finland Oy has also borrowed the corresponding amount of shares through OMX stock lending contracts that mature at same time as the forward contracts and, therefore, the total shareholding of Novator Finland Oy in Elisa Corporation will be unaffected at maturity.

E. Shareholding as at February 15, 2008: After the OMX forward contract matures, Novator Finland Oy’s holding in Elisa Corporation will amount to 25,695,790 shares.

F. Shareholding as at March 3, 2008: After the OMX forward contract matures, Novator Finland Oy’s holding in Elisa Corporation will amount to 22,795,790 shares.

G. Elisa Corporation’s total number of shares is 166,307,586. Each share carries one voting right, and, therefore, the shares of Elisa Corporation carry a total of 166,307,586 voting rights.

H. Shareholder’s full name: Novator Finland Oy (business identity code: 1965835-5)

ELISA

Vesa Sahivirta
Director, IR and financial communications

DISTRIBUTION:

Helsinki Stock Exchange
Major media

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

Ilmarinen Mutual Pension Insurance Company, Varma Mutual Pension Insurance Company, The State Pension Fund,  Etera Mutual Pension Insurance Company and Mutual Insurance Company Pension Fennia together hold more than 5 per cent of Elisa’s shares and votes. They have on 13 December 2007 announced opposition to the proposals made by Novator Finland and decided to send a letter to some Elisa’s shareholders. The Letter includes a proxy to participate in Elisa’s Extraordinary General Meeting and oppose the proposals.

Target company:  Elisa Oyj (business identity code: 0116510-6)

Date of change in holdings: December 13, 2007

Shareholders’ full names, business identity codes, shares, and ownership of shares and votes:

Ilmarinen Mutual Pension Insurance Company,
business identity code 0107638-1, 3 309 698, 1.99%

Varma Mutual Pension Insurance Company,
business identity code 0533297-9, 2 999 346, 1.80%

The State Pension Fund,
business identity code 1583293-4, 1 050 000, 0.63%

Etera Mutual Pension Insurance Company,
business identity code 0117086-1, 950 000, 0.57%

Mutual Insurance Company Pension Fennia,
business identity code 0201104-5, 680 000, 0.41%

Totally: 8 989 044 shares, ownership of shares and votes 5.41%

Elisa has 166 307 586 shares and each share has one vote.

ELISA

Vesa Sahivirta

Director, IR and financial communication

Distribution:

Helsinki Exchanges
Major media

We hereby announce that Elisa Oyj has been notified, in accordance with Chapter 2, Section 9 of the Finnish Securities Market Act, of a change in the company's ownership.

Novator Finland Oy?s ownership of Elisa Oyj?s votes and share capital has risen over one-tenth (1/10). Novator has announced that By the completion of the Tender Offer and taking into account further consolidation within the Novator Group (and including previous shareholding in Elisa), Novator Finland Oy?s holding of the share capital in Elisa will increase to approximately 10.1 percent and voting rights to approximately 10.1 percent.

Shareholder: Novator Finland Oy   
Number of shares: 16 769 424
Proportion of share capital: 10,1%
Date of change in holdings: 15 November 2005

The share capital of Elisa Oyj comprises in total 166 066 016 shares that each has one vote.

ELISA CORPORATION

Vesa Sahivirta
Director, IR and financial communications

Distribution:
Helsinki Stock Exchange
Major media

Elisa Corporation has received the following notice in accordance with Chapter 2, Section 9 of the Finnish Securities Market Act in which Novator International Holdings Ltd notifies of a change in the company's ownership upon completion of the share exchange offer announced on July 7 2005:

Novator Finland Oy (?Novator?) is a party to agreement signed on July 7, 2005 whereby Elisa Oyj (?Elisa?) shall make a public tender offer (the ?Tender Offer?) to the shareholders and share option holders of Saunalahti Group Oyj (?Saunalahti?) by August 31, 2005 at the latest. Pursuant to the Tender Offer, Elisa shall offer to acquire each share in Saunalahti in exchange for shares in Elisa at an exchange ratio of 5.6 Saunalahti shares to one Elisa share. In addition, Elisa shall pay a cash consideration for each share option of Saunalahti, namely EUR 1.53 for each Saunalahti 2002 share option and EUR 1.82 for each Saunalahti 2003 share option. Novator has, subject to the conditions for completion of the Tender Offer, undertaken to exchange its shares in Saunalahti to shares in Elisa in accordance with the terms described above. According to the conditions of the Tender Offer, the completion of share exchange requires, inter alia, approval of the Finnish Competition Authority. In addition and pursuant to the conditions for completion of the Tender Offer, Elisa’s ownership and votes in Saunalahti should exceed 2/3.

By completion of the Tender Offer, Novator International Holding Ltd.’s holding (together with its affiliates) of the share capital in Saunalahti would decrease from 35.73 percent to 0.0 percent and voting rights (including shares controlled pursuant to agreements) from 44.66 percent to 0.0 percent. Respectively, Novator International Holding Ltd.’s holding (together with its affiliates) of the share capital in Elisa would increase from 0.0 percent to approximately 5.26 percent and voting rights (including shares controlled pursuant to agreements) from 0.00 percent to approximately 6.57 percent. Therefore, we hereby notify the Finnish Financial Supervision Authority, Saunalahti and Elisa the following:

A.       Target companies:

         1. Saunalahti Group Oyj (business identity code:    1064333-3)

         2. Elisa Oyj (business identity code: 0116510-6)

B.   Date of change in holdings: between July 7, 2005    and August 31, 2005

C.   The holding of Novator Group (including its affiliates) of the share capital in Saunalahti Group Oyj by completion of the Tender Offer:

Novator Group’s holding in Saunalahti Group Oyj votes would by completion of the Tender Offer decrease to 0 votes representing 0.0 percent of all the votes in Saunalahti Group Oyj.

The holding of Novator Group (including its affiliates) of the share capital in Elisa Oyj by completion of the Tender Offer:

Novator Group’s holding in Elisa Oyj votes would by completion of the Tender Offer increase to 10,944,365 votes representing 6.57 percent of all the votes in Elisa Oyj.

D.   Saunalahti Group Oyj’s share capital comprises of 137,225,340 shares that carry a total of 137,225,340 votes.

Elisa Oyj’s share capital comprises of 166,497,045 shares that carry a total of 166,497,045 votes.

E.   Shareholder’s full name: Novator International Holding Ltd. (as parent company)

In this notification we have not considered the potential effects of the public tender offer of Novator Finland Oy dated June 16, 2005 for all of the issued and outstanding shares and share options in Saunalahti. In this notification we have presumed that Elisa will, by the public tender offer made no later than August 31, 2005, acquire 100.00 percent of the issued and outstanding shares in Saunalahti and that Elisa will, in order to perform the exchange of shares in Saunalahti to shares in Elisa, issue exactly 24,504,525 new shares.

ELISA CORPORATION

Vesa Sahivirta
Director, IR and financial communications