Warrants Exercised/Addtl Lstg

RNS Number:0972T
Nokia Corporation
26 October 2000


Nokia warrants exercised for share subscription
                                                               
A total of 698,512 Nokia shares were subscribed for after the
increase in the share capital registered on September 25, 2000.
The shares were subscribed for with the warrants attached to the
Nokia Stock Option Plans issued to the key personnel of Nokia.
With the B warrants of the Nokia Stock Option Plan 1995, a total
of 532,000 shares were subscribed for and with the A and B
warrants of the Nokia Stock Option Plan 1997, a total of 166,512
shares. The issue of these Stock Option Plans was approved by
the Annual General Meetings of March 30, 1995 and March 25,
1997, respectively.

The corresponding increase in the share capital, in total EUR
41,910.72 was registered in the Finnish Trade Register on
October 26, 2000. As a result of the increase, the share capital
of Nokia currently is EUR 281,350,466.10 and the total number of
shares is 4,689,174,435. Nokia received as additional
shareholders' equity a total of EUR 1,476,849.60.

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
October 27, 2000. 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 B warrants of the Nokia Stock
Option Plan 1995 began in December 1999. 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 A and
B warrants of the Nokia Stock Option Plan 1997 are listed on the
Helsinki Exchanges as one security.


Further information:
Nokia
Corporate Communications
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www.nokia.com