Helsinki, Finland - Nokia shares will continue to be listed on the Premier Marché of the Paris Stock Exchange (Euronext) until 12 October 2004. In order to enable Nokia shareholders to either retain their shares or sell them in connection with Nokia's delisting from Euronext, the shareholders are offered, pursuant to French regulation, a cost-free sale of shares in the Helsinki Exchanges as described below.

 

For French shareholders wishing to take advantage of the opportunity to participate in this sales facility, Crédit Agricole Investor Services Corporate Trust (CAISCT), the centralizing agent appointed by Nokia, will collect shares for two (2) periods of nine (9) stock exchange days each. 

 

Timetable:

 

First offer period opens - 6 September 2004

First offer period closes - 16 September 2004

Centralization by CAISCT ends  (first period) - 20 September 2004 (12 am)

Shares sold in the Helsinki Stock Exchange  (first period) - beginning on 21 September 2004

Second offer period opens  - 22 September 2004

Second offer period closes - 4 October 2004

Centralization by CAISCT ends  (second period) - 6 October 2004 (12am)

Shares sold in the Helsinki Stock Exchange (second period)  - beginning 7 October 2004

Shares delisted from the Premier Marché - 13 October 2004

Shares delisted from EUROCLEAR FRANCE - 29 October 2004

Proceeds of sale distributed to beneficiaries  - as reception of the funds by CAISCT

 

Participation in the sales facility is entirely voluntary. Shareholders may prefer to keep their Nokia shares under the terms and conditions stated by their account operator. Shareholders can obtain more complete information from via account operators.

 

 

 

Nokia Communications, tel. +358 7180 34900

Investor Relations, Europe, tel. + 358 40 569 0080

Investor Relations, US, tel.  +1 914 368 0555