THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.

Partial Repurchase and Cancellation of the 2026 Bonds

Elenia Verkko Oyj (the "Issuer") hereby announces that it has purchased in open market transactions an aggregate of €117,800,000 principal amount of its 3.038 per cent. fixed rate bonds due 2 July 2026 (ISIN: XS1081230523) (the "2026 Bonds"). In accordance with the terms and conditions of the 2026 Bonds, the purchased 2026 Bonds will be cancelled. Following the purchases and cancellation of the 2026 Bonds, the outstanding principal amount of the 2026 Bonds will be €2,200,000.

This announcement does not constitute or form part of an offer to sell or purchase, or a solicitation of an offer to sell or purchase, the 2026 Bonds or any other securities.

This announcement is released by the Issuer and contains information that qualified or may have qualified as inside information within the meaning of Article 7(1) of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as amended.

For further information, please contact:

Mr Tommi Valento

Chief Financial Officer

Töölönkatu 4

FI-00100

Helsinki

Finland

TEL: +358 407 208951

DISCLAIMER - INTENDED ADDRESSEES

This announcement is a communication to the market. Nothing in this announcement constitutes an offer of securities for sale in the United States or any other jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document.

This announcement has been delivered to you on the basis that you are a person into whose possession this announcement may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located and you may not, nor are you authorised to, deliver this announcement to any other person. The distribution of this announcement in jurisdictions may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.

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