Merger with Subsidiary

NOKIA CORPORATION
9 September 1999

Nokiterra Oy has been merged into Nokia Corporation

Nokiterra Oy, a wholly owned subsidiary of Nokia was merged into Nokia
Corporation as of August 25, 1999. As a result, Nokia received a total
of 64,280,684 Nokia shares, corresponding to approximately 5.3% of the
total share capital and voting rights in Nokia.

The merger does not affect Nokia's key figures or voting rights as
these shares have already been eliminated in the Group's profit and
loss accounts and other statements. The merger enables Nokia to cancel
these shares by a shareholders' resolution.


Further information:

Marja-Terttu Verho
Senior Manager, Nokia Corporate Communications
Tel. [phone]
Fax [phone]

www.nokia.com