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Nokia K-shares converted to A-shares
October 21, 1998

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 October 21, 1998, a total of 192 050 386 K-shares have been converted to A-shares. The total amount of Nokia's shares today is 602 255 332, of which 465 519 590 are A-shares and 136 735 742 are K-shares.

Nokia is a broad-scope communications company supplying mobile phones, mobile and fixed telecommunications networks, wireless data communications solutions, multimedia terminals and computer monitors. In 1997, net sales totaled FIM 52.6 billion ($9.8 billion). Headquartered in Finland, Nokia is listed on the NYSE (NOK.A), has sales in 130 countries and employs more than 41,000 people worldwide.

Nokia is a broad-scope communications company supplying mobile phones, mobile and fixed telecommunications networks, wireless data communications solutions, multimedia terminals and computer monitors. In 1997, net sales totaled FIM 52.6 billion ($9.8 billion). Headquartered in Finland, Nokia is listed on the NYSE (NOK.A), has sales in 130 countries and employs more than 41,000 people worldwide.



Contact information:

Nokia Corporate Communications,
tel. +358 9 1807 485
fax +358 9 652 409


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