NOKIA 4Q and 2001 - PRO FORMA

(excludes goodwill amortization and non-recurring items)



EUR Million          4Q/2001  4Q/2000  Change   2001    2000  Change

                                          %                     %

Net sales                      

 Nokia Networks        xxxxx    xxxxx    xx   xxxxxx  xxxxxx   xx

 Nokia Mobile Phones   xxxxx    xxxxx    xx   xxxxxx  xxxxxx   xx

 Nokia Ventures        xxxxx    xxxxx    xx   xxxxxx  xxxxxx   xx

 Organization

Operating profit

 Nokia Networks        xxxxx    xxxxx    xx   xxxxxx  xxxxxx   xx

 Nokia Mobile Phones   xxxxx    xxxxx    xx   xxxxxx  xxxxxx   xx

 Nokia Ventures        xxxxx    xxxxx    xx   xxxxxx  xxxxxx   xx

 Organization

 Common Group          xxxxx    xxxxx    xx   xxxxxx  xxxxxx   xx

 Expenses

Profit before tax and  xxxxx    xxxxx    xx   xxxxxx  xxxxxx   xx

minority interests

Net profit             xxxxx    xxxxx    xx   xxxxxx  xxxxxx   xx

EPS, EUR

 Basic                   xxx      xxx    xx      xxx     xxx   xx

 Diluted                  xx       xx    xx      xxx     xxx   xx

NOKIA 4Q and 2001 - REPORTED





EUR Million          4Q/2001  4Q/2000  Change   2001    2000  Change

                                          %                     %

Net sales                      

 Nokia Networks       xxxxxx   xxxxxx    xx   xxxxxx  xxxxxx   xx

 Nokia Mobile Phones  xxxxxx   xxxxxx    xx   xxxxxx  xxxxxx   xx

 Nokia Ventures       xxxxxx   xxxxxx    xx   xxxxxx  xxxxxx   xx

 Organization

Operating profit      xxxxxx   xxxxxx    xx   xxxxxx  xxxxxx   xx

 Nokia Networks       xxxxxx   xxxxxx    xx   xxxxxx  xxxxxx   xx

 Nokia Mobile Phones  xxxxxx   xxxxxx    xx   xxxxxx  xxxxxx   xx

 Nokia Ventures       xxxxxx   xxxxxx    xx   xxxxxx  xxxxxx   xx

 Organization

 Common Group         xxxxxx   xxxxxx    xx   xxxxxx  xxxxxx   xx

 Expenses

Financial income and  xxxxxx   xxxxxx    xx   xxxxxx  xxxxxx   xx

expenses

Profit before tax and xxxxxx   xxxxxx    xx   xxxxxx  xxxxxx   xx

minority interests

Net profit            xxxxxx   xxxxxx    xx   xxxxxx  xxxxxx   xx

EPS, EUR

 Basic                   xxx      xxx    xx      xxx     xxx   xx

 Diluted                 xxx      xxx    xx      xxx     xxx   xx