ELISA STOCK EXCHANGE ANNOUNCEMENT 25 March 2014 AT 15.15 PM Elisa has received the following notice in accordance with Chapter 9, Section 5 of the Finnish Securities Market Act: The proportion of the total Elisa shares and voting rights held by Varma Mutual Pension Insurance Company has decreased below five per cent (1/20). 1. Target Company: Elisa Corporation (ELI1V). 2. Justification of the flagging announcement: Share and voting rights sale on 25 March 2014 3. Date of change in holdings: 25 March 2014 4. Exact proportion of the voting rights and total number of shares in Elisa after transaction: Number of shares Share of the total number of shares Share of number of votes ------------------------------------------------------------------------------- 6,711,976 4.01 % 4.01 % ------------------------------------------------------------------------------- Total number of Elisa shares is 167,335,073 and each share carries one voting right. 5. Shareholder's full name, business identity code: Varma Mutual Pension Insurance Company (business identity code: 0533297-9). ELISA CORPORATION Mr. Vesa Sahivirta IR Director tel. +358 10 262 3036 Distribution: NASDAQ OMX Helsinki Principal media www.elisa.com