A total of 268,068 Nokia shares were subscribed for after the decrease in the share capital registered on April 17, 2001. The shares were subscribed for with the warrants under the Nokia Stock Option Plans issued to the key personnel of Nokia. With the A and B warrants of the Nokia Stock Option Plan 1997, a total of 72,016 shares were subscribed for and with the A warrants of the Nokia Stock Option Plan 1999, a total of 196,052 shares. The Stock Option Plans were approved by the Annual General Meetings of March 25, 1997 and March 17, 1999, respectively.
The corresponding increase in the share capital, in total EUR 16,084.08, has been registered in the Finnish Trade Register on May 7, 2001. As a result of the increase, the share capital of Nokia is currently EUR 281,905,103.10 and the total number of shares is 4,698,418,385. Nokia received as additional shareholders' equity a total of EUR 3,543,231.40.
The holders of the new shares are entitled to all shareholders' rights from the registration date. The new shares will be listed on the Helsinki Exchanges together with the other shares on May 8, 2001. Listing of the shares will also be applied for on the Frankfurt, London, New York, Paris and Stockholm Stock Exchanges.
The subscription period for the A warrants of the Nokia Stock Option Plan 1997 began in December 1997 and for the B warrants in November 1999. The subscription period for the A warrants of the Nokia Stock Option Plan 1999 began in April 2001. The A and B warrants of the Nokia Stock Option Plan 1997 are listed on the Helsinki Exchanges as one security.
The subscription price for one C warrant of the Nokia Stock Option Plan 1999 was confirmed to be EUR 116.48, which is the trade volume weighted average price of the Nokia share on the Helsinki Exchanges during the last five trading days in March 2001. Each C warrant of the 1999 Plan entitles its holder to subscribe for four Nokia shares with a par value of EUR 0.06 for the aggregate subscription price of EUR 116.48 during the period from April 1, 2003 to December 31, 2004.
Further information:
Nokia, Corporate Communications
Tel. +358 (0) 7180 34459
Fax.+358 (0) 7180 38226
Email communications.corporate@nokia.com
www.nokia.com