Nokia Corporate Governance and Nomination Committee Amends

Professor John L. Thornton, who was proposed to be elected to the Nokia Board of Directors, has withdrawn his candidacy due to personal reasons.

The Nokia Board's Corporate Governance and Nomination Committee, therefore, amends its proposal of January 22, 2004 to the Annual General Meeting on March 25, 2004. The Committee now proposes that the number of board members be decreased from the current nine to eight and that the following persons be re-elected for a term of one year: Paul J. Collins, Georg Ehrnrooth, Bengt Holmström, Per Karlsson, Jorma Ollila, Marjorie Scardino, Vesa Vainio and Arne Wessberg.

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Nokia Corporate Governance and Nomination Committee Amends its Proposal for Composition of the Board