Nokia Establishes Global Education Fund for Children of Victims of Recent U.S. Tragedies

IRVING, Texas. and HELSINKI, Finland -- (September 19, 2001) -- Nokia, in close co-operation with the International Youth Foundation (IYF), has established a new global fund for the college education needs of children who have lost a parent or parents in the unfortunate tragedies in the United States on September 11.

With an initial corporate grant of 1 million USD from Nokia, the fund will provide scholarships to young people affected by the tragedy, irrespective of their nationality. Nokia's intent is to ensure a long-term impact by providing younger generations with the resources they need to succeed.

Nokia will reach out to its employees, partners, customers, suppliers and subcontractors to support the fund with additional monetary donations.

IYF -- Nokia's global corporate citizenship partner -- will manage the fund, and the respective universities and colleges will do the selection of the students eligible for the grants.

About Nokia
Nokia is committed to having a positive impact on society that extends beyond the advanced technology, products and services the company creates. Through its partnership with IYF and other regional philanthropic and social responsibility programs, the company prepares young people to embrace opportunities and possibilities created by the global economy and new technological advancements. The company has been an active regional contributor to youth and education causes for many years, with Nokia employees making their own contributions as volunteers in a range of programs throughout the world. More information on Nokia can be found at www.nokia.com.

About The International Youth Foundation
Founded in 1990, the International Youth Foundation (IYF) is one of the world's largest public foundations working to improve the conditions and prospects for young people where they live, learn, work and play. Currently operating in more than 60 countries, IYF and its global network of partner organizations have helped more than 21 million young people gain access to basic life skills, education, job training, and opportunities critical to their success. IYF's work is based on the knowledge that throughout the world, effective youth programs and strategies exist that are making a positive and lasting difference in young lives. Its mission is to identify these proven approaches, strengthen their impact, and expand their reach to benefit greater numbers of young people. More information on IYF can be found at www.iyfnet.org

For further information, please contact:

Megan Matthews
Nokia Corporate Communications
Tel. +1 972 894 4267
Email: communication.corp@nokia.com

Nokia Corporate Communications
Tel. +358 7180 08000

Karen Diakun
International Youth Foundation
Tel. +1 410 951 2328
Email: Kdiakun@iyfnet.org

www.nokia.com