Ad-hoc | 20 July 2004 14:29

Nokia: The stock option subscriptions based on the 2003 stock option plan…

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– The stock option subscriptions based on the 2003 stock option plan have been registered in the Finnish Trade Register The Annual General Meeting (AGM) of Nokia approved on March 27, 2003, a stock option plan including issuance of a maximum number of 94, 600, 000 stock options to be granted to key personnel of Nokia, or subscribed by a wholly- owned subsidiary of Nokia to be further granted to such persons. During the subscription period since the AGM resolution in 2003, a total number of 43, 000, 000 stock options have been duly subscribed for under this plan. This number of 43, 000, 000 has today, in compliance with Finnish law, been entered into the Finnish Trade Register as the issued amount under the 2003 plan. If the issued stock options are exercised, Nokia’s share capital will increase based on the exercises by a maximum of EUR 2 ,580, 000. The share subscriptions based on stock option exercises under the plan may take place between 1 July 2004 and 31 December 2009. Media and Investor contacts: Nokia Communications, tel +358 7180 34900 Investor Relations, Europe, tel. + 358 7180 34 289 Investor Relations, US, tel. +1 914 368 0555 http://www.nokia.com end of ad-hoc-announcement (c)DGAP 20.07.2004 ——————————————————————————– WKN: 870737; ISIN: FI0009000681; Index: Listed: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 201429 Jul 04