Ad-hoc | 5 April 2004 10:45

NOKIA STOCK OPTIONS EXERCISED FOR SHARE SUBSCRIPTION

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– NOKIA STOCK OPTIONS EXERCISED FOR SHARE SUBSCRIPTION A total of 4.040 Nokia shares were subscribed for since the latest increase in Nokia’s share capital registered on May 14, 2003. The shares has been subscribed for with based on the “1999A” stock options under the Nokia Stock Option Plan 1999. The Stock Option Plan was approved by the Annual General Meeting of March 17, 1999. The Finnish Trade Register has registered on April 5, 2004 the corresponding increase in Nokia’s share capital amounting to the total of EUR 242.40. As a result of the increase, the share capital of Nokia is currently EUR 287.777.790 and the total number of shares is 4.796.296.500. Based on the subscriptions, Nokia has received a total of EUR 68.225,50 in shareholders’ equity. The new shares include all shareholders’ rights as from the registration date April 5, 2004. The new shares will admitted to public trading on the Helsinki Exchanges together with the other Nokia shares as from April 6, 2004. The subscription period for the “1999 A” stock options under the Nokia Stock Option Plan 1999 began in April 2001. Media enquiries: Nokia Corporate Communications Tel: +358 (0) 7180 34900 Fax: +358 (0) 7180 38226 Email: press.office@nokia.com http://www.nokia.com end of ad-hoc-announcement (c)DGAP 05.04.2004 ——————————————————————————– WKN: 870737; ISIN: FI0009000681; Index: Listed: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 051045 Apr 04