ELISA MANAGERS' TRANSACTIONS RELEASE 27 APRIL 2020 AT 5:00 PM The following notification is made according to Article 19 of the Market Abuse Regulation. The shares have been acquired in accordance with the decision of remuneration of Elisa’s Board of Directors made in Elisa's Annual General Meeting on 2 April 2020. Elisa Oyj - Managers' Transactions ____________________________________________ Person subject to the notification requirement Name: Sjöstedt, Eva-Lotta Position: Member of the Board/Deputy member Issuer: Elisa Oyj LEI: 743700TU2S3DXWGU7H32 Notification type: INITIAL NOTIFICATION Reference number: 743700TU2S3DXWGU7H32_20200427152521_6 ____________________________________________ Transaction date: 2020-04-27 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI0009007884 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION Transaction details (1): Volume: 481 Unit price: EUR 0,00000 Aggregated transactions (1): Volume: 481 Volume weighted average price: EUR 0,00000 Elisa's Management holdings: https://corporate.elisa.com/investors/governance/management-holdings/ ELISA CORPORATION Vesa Sahivirta IR Director tel. +358 50 520 5555 Distribution: Nasdaq Helsinki Principal media www.elisa.com