ELISA STOCK EXCHANGE RELEASE 22 OCTOBER 2010 AT 8.31am Elisa's Board of Directors has decided on an extraordinary dividend of EUR 0.50 per share on the basis of the 2009 Financial Statements and on the authorisation of additional distribution to a maximum EUR 100 million from the Annual General Meeting. This decision is based on the favourable development of the company's result and financial position as well as maintaining the company's capital structure in line with the set financial targets. The extraordinary dividend totals approximately EUR 77.9 million and will be distributed out of retained earnings. No dividend will be paid on treasury shares held by Elisa. The extraordinary dividend will also affect Elisa 2007 stock options by reducing the strike price of the series 2007A stock options to EUR 16.62, series 2007B stock options to EUR 9.47 and series 2007C stock options to EUR 12.57. The extraordinary dividend payment ex-date is 25 October 2010 and it will be paid to shareholders listed in the company's share register maintained by Euroclear Finland Ltd as of 27 October 2010. The payment will start on 3 November 2010. ELISA Vesa Sahivirta Director, IR and Financial Communications tel. +358 50 520 5555 Distribution: NASDAQ OMX Helsinki Principal media www.elisa.com [HUG#1454280]