Elisa has today published an issue and merger prospectus on the merging of Lounet Oy to Elisa. The prospectus is approved by the Financial Supervision Authority. The prospectus is available in Finnish on Elisa's web site at www.elisa.fi/sijoittajille and on Lounet's web site at www.lounet.fi, as well as at Elisa's office at Ratavartijankatu 5, Helsinki, and at Lounet's head office at Brahenkatu 20, Turku. Furthermore, the prospectus is estimated to be available at the Helsinki Stock Exchange Service Point OMX Way at Fabianinkatu 14, 00130 Helsinki, from 29 June 2007 onwards, and at the OP Bank Group's branch offices (Osuuspankki and Helsingin OP Pankki Oyj) from 2 July onwards. Lounet's Extraordinary General Meeting deciding on the merging will be held on 5 July 2007. ELISA CORPORATION Vesa Sahivirta Vice President, IR and Financial Communication Distribution: Helsinki Stock Exchange Principal Media NOT TO BE PUBLISHED OR DISTRIBUTED, IN ITS ENTIRETY OR PARTLY, IN THE USA, CANADA, JAPAN OR AUSTRALIA