ELISA STOCK EXCHANGE RELEASE 19 DECEMBER 2011 AT 5.35 PM Elisa's Board of Directors has approved two new share-based incentive plans for key personnel. The first, the Performance Share Plan includes three performance periods, calendar years 2012-2014, 2013-2015 and 2014-2016. The rewards will correspond to the value of maximum approximately 3.3 million Elisa shares. The Board of Directors will decide on the Plan's performance criteria and their targets at the beginning of each performance period. The Plan's potential reward from the performance period 2012-2014 will be based on the increase of the Consumer Customer and Corporate Customer segments' new business revenue and on Elisa's earnings per share (EPS). The reward will be paid partly in the company's shares and partly in cash in 2015. The cash proportion is intended to cover taxes and tax-related costs arising from the reward to the key person. No reward will be paid, if a key person's employment ends before the reward payment. The Plan is directed to approximately 160 people and the rewards will correspond to the value of maximum approxmately 1 million Elisa shares including the proportion to be paid in cash. The second, the Restricted Stock Plan covers the calendar years 2012 - 2018. The potential rewards of the Plan are based on about three year retention periods. No reward will be paid, if a key person's employment ends before the reward payment. The rewards to be paid on the basis of this stock plan correspond to the value of maximum 0.5 million Elisa shares including also the proportion to be paid in cash. ELISA CORPORATION Vesa Sahivirta Director, IR and Financial Communication tel. +35810 262 3036 Distribution: NASDAQ OMX Helsinki Major Media www.elisa.com [HUG#1572451]