Finnish Subsidiaries Merged

Nokia Corporation
1 October 2001


Nokia's Finnish subsidiaries merged

Nokia Mobile Phones Ltd., Nokia Networks Oy and some other Finnish
subsidiaries of Nokia Corporation have merged into Nokia
Corporation. The merger came into effect on October 1, 2001.

The merger does not have any effect on the conducting of business
by Nokia Mobile Phones and Nokia Networks, which will continue to
operate as separate business groups.

For more information, please contact:

Nokia
Corporate Communications
Tel. [phone]
Fax [phone]
Email: [e-mail]

www.nokia.com