Nokia Board has resolved to apply for listing of the stock options of the Nokia Stock Option Plan 1999 and 2001 not yet listed on the main list of the Helsinki Exchanges to commence on or about the dates indicated below. The resolution covers the following stock option categories:

 

1999B

June 1, 2003

 

1999C 

June 1, 2003

 

Each stock option category above entitles to subscribe for four Nokia shares.

 

2001 A+B

June 1, 2003

 

2001C 3Q/01

 June 1, 2003

 

2001C 4Q/01

 June 1, 2003

 

2001C 1Q/02

 June 1, 2003

 

2002A+B

 July 1, 2003

 

2001C 3Q/02 

October 1, 2003

 

2001C 4Q/02

January 1, 2004

 

Each stock option under the 2001 Plan above entitles to the subscription of one Nokia share after the commencement of the share subscription period of the respective stock option category.

 

The stock options will be transferred into the book-entry system prior to the vesting dates of the stock options under each of the respective stock option category.

 

More Information:

Nokia

Corporate Communications

Tel: +358 (0) 7180 34900

Fax: +358 (0) 7180 38226

Email: communications.corporate@nokia.com

www.nokia.com