Nokia repurchases a maximum of 36 million Nokia shares from the market

The Board of Directors of Nokia Corporation has resolved to repurchase a maximum of 36,000,000 Nokia shares from the market at market price. The shares will be repurchased on the basis of the authorization given by the Annual General Meeting to the Board on March 22, 2000. The shares will be used to further develop the capital structure of the Company, to finance business acquisitions or other arrangements, to be disposed in other ways, or to be cancelled. The repurchases will commence on August 4, 2000 at the earliest.


Further information:

Nokia Corporate Communications
Tel. +358 9 1807 459
Fax +358 9 652 409
Email communications.corporate@nokia.com

www.nokia.com