Research Disclosures & Disclaimers

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Elisa Oyj (ELISA.HE)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (€)	Price Target (€)	Rating
2022-03-30	54.76	55.80	Neutral
2022-05-10	54.18	56.00	Neutral
2022-07-20	52.80	54.60	Neutral
2022-10-04	47.92	50.80	Neutral
2022-10-28	48.78	50.30	Neutral
2023-02-15	52.68	52.00	Neutral
2023-05-12	55.66	56.00	Neutral
2023-07-18	49.13	53.40	Neutral
2023-11-02	41.65	46.80	Buy
2024-02-07	41.55	46.60	Buy
2024-05-01	42.32	47.40	Buy
2024-07-16	42.66	47.10	Buy
2024-10-22	43.50	48.20	Buy
2025-06-06	46.58	49.30	Neutral

Disclosures

UBS holds a long or short position of 0.5% or more of the listed shares of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.