Inside information: Elisa accelerates strategy execution with transformation programme to achieve EUR 40m annual cost savings

ELISA INSIDE INFORMATION 23 OCTOBER 2025 AT 8:25 AM (EEST)

Elisa is launching a transformation programme to simplify its operations and
increase productivity, in line with the strategy of Faster Profitable Growth
presented at the Capital Markets Day in March 2025.

“This programme is designed to accelerate the execution of our growth strategy,
and to increase our agility and speed of operations, while simultaneously taking
swift action to improve our competitiveness in the current market environment.
The actions we are taking will ensure that we achieve our medium-term revenue
and EBITDA targets”, says Elisa's CEO, Topi Manner.

The programme aims to achieve annual cost savings of approximately
EUR 40 million, and majority is estimated to begin from the first quarter of
2026.

In line with the transformation programme Elisa is planning organisational
streamlining and process optimisation, which may lead to personnel reductions.
The transformation programme also includes reductions of outsourced services and
procurement efficiency improvements. The related change planning negotiations in
Finland, and similar processes in other operating countries, will be initiated
according to local practices. The planned changes may lead to a reduction of
approximately up to 450 positions, of which up to 400 in Finland. The change
planning negotiations are expected to be completed by the end of the year.

Elisa's Q3 Interim Report 2025

Elisa will publish its Q3 2025 Interim Report today, 23 October 2025 at
approximately 8:30 am EEST (6:30 am UK time). An international conference call
for analysts and investors will be held on the same day at 12:00 noon EEST.

ELISA CORPORATION

Vesa Sahivirta
IR Director
tel. +358 50 520 5555

Distribution:

Nasdaq Helsinki
Principal media
elisa.com