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Nokia K-Shares Converted to A-Shares
May 14, 1997

Nokia Corporation's Articles of Association provide holders of K-shares the right to convert their holdings to A-shares.


For the entire period during which this conversion of shares has been permitted, through May 14, 1997, a total of 73,696,830 K-shares have been converted to A-shares. The total amount of Nokia's shares today is 299,549,980 of which 208,853,746 are A-shares.






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