Ad-hoc | 3 December 2004 09:05

Changes in the Nokia Group Executive Board:

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Changes in the Nokia Group Executive Board: Sari Baldauf hands off the baton as Simon Beresford-Wylie is appointed to head Nokia’s infrastructure business Espoo, Finland – Nokia announced today the appointment of Simon Beresford- Wylie as Executive Vice President and General Manager, Networks, and member of the Nokia Group Executive Board, as of February 1, 2005. This appointment follows Sari Baldauf’s long-planned decision to pursue new personal challenges outside Nokia. Mr. Beresford-Wylie, a 46-year old Australian, has worked for Nokia since 1998. During his career at Nokia he has held several senior management positions close to the customer interface both in Europe and in Asia. He is currently in charge of Nokia’s infrastructure business in Asia and is a member of Networks’ management team. In his new position, Mr. Beresford-Wylie will be based in Finland. “I have been aware of Sari Baldauf’s plans for quite a long time, and the changes in Networks’ management we are announcing today are a well-planned part of Nokia’s transformation process,” said Jorma Ollila, Chairman and CEO of Nokia. “Sari has been closely involved in the development of the whole mobile infrastructure industry during the past 20 years, practically during her whole career at Nokia. She has, however, taken a very personal decision to make a change in her life and focus on new interests.” “I wish Sari Baldauf all the best in her future aspirations. She is an extremely capable and driven person, and I am sure she will be successful in whatever she decides to turn her attention to,” Jorma Ollila added. “We will miss her strong and insightful contribution in our management team. At the same time, the Networks organization that Sari is handing over to Simon Beresford-Wylie has been fine-tuned to give us an excellent basis for further development of the business in the current transition phase of the company and of the industry. Simon will bring new, fresh thinking and diversity to our Nokia management team. We look forward to working together with him and warmly welcome him to the team.” Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations. Nokia will hold a press conference regarding this change at 12.00 Finnish time, at Nokia House, Espoo. The press conference will also be web-casted. To join the press conference via web-cast please go to: http://www.nokia.com/press/pressconference A replay of the web-cast will be available later today. For more information: Nokia Communications Tel. +358 7180 34900 E-mail: press.office@nokia.com http://www.nokia.com Additional background: For more biographical information on Sari Baldauf and Simon Beresford-Wylie please go to http://www.nokia.com/about nokia . end of ad-hoc-announcement (c)DGAP 03.12.2004 ——————————————————————————– WKN: 870737; ISIN: FI0009000681; Index: Listed: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 030905 Dez 04