Ad-hoc | 27 March 2003 18:19

Nokia Corp english

Nokia Annual General Meeting:Dividend EUR 0.28 per share for 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– The Annual General Meeting (AGM) of Nokia Corporation held on March 27, 2003 resolved to distribute a dividend of EUR 0.28 per share for 2002 as proposed by the Board of Directors. The record date for the dividend payment is April 1, 2003 and the dividend will be paid as from April 16, 2003. The AGM approved the Board’s proposal for a new stock option plan, under which Nokia key employees will be granted stock options entitling them to the subscription of a total of 94.6 million shares. The stock options will be divided into several sub-categories, the subscription periods of which will commence, as resolved by the Board , with a staggered vesting schedule not earlier than July 1, 2004 and terminate no later than December 31, 2009. The share subscription prices will be determined by the Board based on the trade volume weighted average price of the Nokia share on the Helsinki Exchanges during a one-week period according to the sub-category of the stock option. end of ad-hoc-announcement (c)DGAP 27.03.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: The AGM resolved to continue the existing authorizations held by the Board as proposed. It authorized the Board of Directors to increase the share capital by a maximum of EUR 57 million, disapplying the shareholders’ pre-emptive right for subscription. The AGM further authorized the Board to repurchase a maximum of 225 million Nokia shares by using funds available for distribution of profits, and to dispose a maximum of 225 million Nokia shares held by the Company. The authorizations are effective for a period of one year until March 27, 2004. The AGM confirmed the number of Board members to be nine. All of the members of the Nokia Board were re-elected for the period ending at the close of the next Annual General Meeting: Paul J. Collins, Georg Ehrnrooth, Bengt Holmström, Per Karlsson, Jorma Ollila, Robert F.W. van Oordt, Marjorie Scardino, Vesa Vainio and Arne Wessberg. In its assembly meeting, Nokia’s Board of Directors re-elected CEO Jorma Ollila to chair the Board. Paul J. Collins was re-elected Vice Chairman of the Board. The Board of Directors also elected the members of the Committees of the Board. For the Personnel Committee, Paul J. Collins was elected as Chairman and Bengt Holmström, Marjorie Scardino and Vesa Vainio as members. For the Audit Committee, Robert F.W. van Oordt was elected as Chairman and Georg Ehrnrooth, Per Karlsson and Arne Wessberg as members. For the Nomination Committee, Paul J. Collins was elected as Chairman and Bengt Holmström, Marjorie Scardino and Vesa Vainio as members. PricewaterhouseCoopers Oy were re-elected as the external auditor of Nokia for the fiscal period 2003. Further information: Nokia Corporate Communications Tel. +358 7180 34459 Fax. +358 7180 38226 Email communications.corporate@nokia.com www.nokia.com ——————————————————————————– WKN: 870737; ISIN: FI0009000681; Index: Listed: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 271819 Mär 03