AGM Statement

Nokia Corporation
21 March 2002


Nokia Annual General Meeting decided on a dividend of euro 0.27 per share

Jorma Ollila continues as Chairman of the Nokia Board of Directors, Paul J. 
Collins as Vice Chairman

The Annual General Meeting of Nokia Corporation held on March 21, 2002 (AGM)
resolved to distribute a dividend of EUR 0.27 per share for 2001 as proposed by
the Board of Directors. The record date for the dividend payment is March 26,
2002 and the dividend will be paid as from April 9, 2002.

The AGM resolved to continue the existing authorizations held by the Board by
authorizing, according to the Board's proposal, the Board of Directors to
resolve to increase the share capital by a maximum of EUR 55.8 million, of which
a maximum of EUR 2.9 million may result from incentives granted to key
personnel. The AGM further approved the Board's proposal to authorize the Board
to resolve to repurchase a maximum of 220 million Nokia shares by using funds
available for distribution of profits, and to dispose a maximum of 220 million
Nokia shares held by the Company. The authorizations are effective for a period
of one year until March 21, 2003.

The AGM confirmed the number of Board members to be nine. The following persons
were re-elected to Nokia's Board of Directors: Paul J. Collins, Georg Ehrnrooth,
Bengt Holmstrom, Jorma Ollila, Robert F.W. van Oordt, Marjorie Scardino, Vesa
Vainio and Arne Wessberg. Per Karlsson was elected as a new member to the Board.

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.
Paul J. Collins was elected as Chairman and Bengt Holmstrom, Marjorie Scardino
and Vesa Vainio as members to the Personnel Committee. Robert F.W. van Oordt was
elected as Chairman and Georg Ehrnrooth, Per Karlsson and Arne Wessberg as
members to the Audit Committee. Paul J. Collins was elected as Chairman and
Bengt Holmstrom and Vesa Vainio as members to the Nomination Committee. 

The Board of Directors further resolved to postpone the application for listing 
of stock options B and C of Nokia Stock Option Plan 1999 and stock options A, B 
and C (categories 2001C 3Q/01 and 4Q/01) of the 2001 Plan to take place 
earliest at such date that the market price reached their respective share 
subscription prices.


Further information:

Nokia
Corporate Communications 
Tel. [phone] 
Fax. [phone]


Email [e-mail] 

www.nokia.com



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