Listing of stock options

Nokia Corporation
14 May 2003

Nokia applies for listing of stock options of the 1999 and 2001 Plans on the
main list of the Helsinki Exchanges



Nokia Board has resolved to apply for listing of the stock options of the Nokia
Stock Option Plan 1999 and 2001 not yet listed on the main list of the Helsinki
Exchanges to commence on or about the dates indicated below. The resolution
covers the following stock option categories:



1999B                                    June 1, 2003

1999C                                    June 1, 2003

Each stock option category above entitles to subscribe for four Nokia shares.



2001 A+B                               June 1, 2003

2001C 3Q/01                            June 1, 2003

2001C 4Q/01                            June 1, 2003

2001C 1Q/02                            June 1, 2003



2002A+B                                July 1, 2003

2001C 3Q/02                         October 1, 2003

2001C 4Q/02                         January 1, 2004

Each stock option under the 2001 Plan above entitles to the subscription of one
Nokia share after the commencement of the share subscription period of the
respective stock option category.



The stock options will be transferred into the book-entry system prior to the
vesting dates of the stock options under each of the respective stock option
category.



More Information:

Nokia

Corporate Communications

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Fax: [phone]

Email: [e-mail]

www.nokia.com






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