Nokia's share capital increased in connection with the acquisition of Network Alchemy, Inc.

The corresponding increase in the share capital, EUR 366,704.40, was registered in the Finnish Trade Register on March 14, 2000. As a result, the share capital of Nokia currently is EUR 279,654,524.64 and the total number of shares is 1,165,227,261. Nokia received as additional shareholders' equity EUR 305,055,737.00.

The holders of the new shares are not entitled to dividend distributable out of profits of 1999. Nokia has filed an application for listing of the new shares at the Helsinki Exchanges together with the other listed shares and the other shares subscribed for in 1999 as of March 29, 2000. Listing of the shares will also be applied for at the Frankfurt, London, New York, Paris and Stockholm Stock Exchanges.