Nokia warrants and a 4:1 stock split

The Annual General Meeting of Nokia held on March 22, 2000 resolved to split the share on a four-for-one basis (a 4:1 stock split) whereby the nominal value of the share will be EUR 0.06. The stock split becomes effective in public trading on Monday, April 10, 2000.

The number of shares for the subscription of which each Nokia warrant entitles to will also be amended as follows:

Each A and B warrant of the Nokia Stock Option Plan 1997 entitles to the subscription for sixteen (instead of current four) Nokia shares at an aggregate subscription price of FIM 307.

Each B warrant of the Nokia Stock Option Plan 1995 entitles to the subscription for sixteen (instead of current four) Nokia shares at an aggregate subscription price of FIM 168.

All the other terms and conditions for the Nokia Stock Option Plans remain unchanged.

Further information:

Nokia Corporate Communications
Tel. +358 9 1807 485
Fax +358 9 652 409
Email: communications.corporate@nokia.com

www.nokia.com