The Board of Directors of Elisa Corporation proposes that Extraordinary General Meeting resolves to decrease the share premium fund and also for the authorisation of distribution of dividends. The purpose of these measures is to develop the capital structure according to the economic objectives told in February. Summons to the EGM The shareholders of Elisa Corporation are invited to an Extraordinary General Meeting to be held on Thursday 28 June 2007 at 2 p.m. at the Marina Congress Centre, address Katajanokanlaituri 6, Helsinki. The reception for those registered to attend the meeting and coffee will commence at 1 p.m. Issues to be addressed at the meeting 1.Proposal for the decrease of the share premium fund - The Board of Directors proposes that the General Meeting resolves to decrease the share premium fund recorded in the balance sheet on 31 December 2006 by EUR 530,412,283.69 by moving all funds in the share premium fund recorded in the balance sheet on 31 December 2006 to the invested free equity fund. According to the Companies Act that was in force until 31 August 2006, the share premium fund belongs to tied equity. The new Companies Act no longer recognises the concept of share premium fund. However, according to the transition provisions, the share premium fund can be decreased in compliance with what has been regulated for in the decrease of the share capital. The decreasing of the fund will enhance the flexibility of the capital structure and increase the distributable equity. 2. Proposal for the authorisation of distribution of dividends - The Board of Directors proposes that the General Meeting authorise the Board of Directors to pass a resolution concerning the payment of additional dividends to the maximum amount of EUR 165,000,000 in addition to the resolution to pay dividends made by the Annual General Meeting of Shareholders on 19 March 2007. The dividend may be paid in one or several instalments. The Board of Directors shall have the right to decide on other matters related to the payment of dividends. The authorisation shall be valid up until the beginning of the following Annual General Meeting of Shareholders. Participation right and registration Shareholders registered in the company's shareholders' register maintained by the Finnish Central Securities Depository Ltd on Monday, 18 June 2007, and who have registered to attend the meeting as provided below, are eligible to attend the General Meeting. The owners of nominee-registered shares who wish to participate in the General Meeting and exercise their voting rights can be temporarily registered in the shareholders' register. Those shareholders who wish to be temporarily registered should contact their maintainer of the register of nominee registered shares well before 18 June 2007. Shareholders must announce their intention to attend the meeting either by writing to Elisa Corporation, Contact Center Services/Sö A 6201, P.O. Box 30, 00061 ELISA, Finland; by telephone: +358 800 0 6242 any day of the week from 8:00 am to 8:00 pm; by fax: +358 10 262 2727; or by e-mail at yhtiokokous@yhteyspalvelut.elisa.fi. The shareholder's name, possible representative and contact information should be indicated in the registration. The registration period will end on Monday 18 June 2007 at 8 pm, by which time the registration shall be submitted. Signed authorisations should be submitted to the above mentioned address together with the registration. Further information for shareholders and participants in the meeting Shareholders will not receive a separate invitation to the General Meeting. Shareholders or authorised persons who have announced their intention to attend the meeting in the above mentioned manner and whose power of attorney has been submitted within the period of registration will receive the ballot for the General Meeting by post during the week the General Meeting is held. The ballot will be posted to the address that is entered in the shareholders' register or announced separately to the company for this purpose in connection with registration. The ballot should be presented upon arrival at the General Meeting. The proposals of the Board of Directors and other documents that, according to the Companies Act, should be available will be available for shareholders' to view from 20 June 2007 at the address Rajavartijankatu 5, Helsinki (lobby) or on the company's website at www.elisa.com. The company will send copies of the documents to shareholders upon request. ELISA Vesa Sahivirta Vice President, IR and Financial Communications For more information, please contact: Jari Kinnunen CFO, tel. +358 10 262 9510 Distribution: Helsinki Stock Exchange Principal media