Result of AGM

Nokia Corporation
22 March 2000


Nokia Annual General Meeting

The Annual General Meeting (AGM) of Nokia Corporation held on
March 22, 2000 resolved to distribute a dividend of EUR 0.80 per
share for 1999 in accordance with the proposal of the Board of
Directors. The record date for the dividend is March 27, 2000 and
the dividend will be paid as of April 4, 2000.

The following persons were elected to the Nokia Board of
Directors: Paul Collins, Georg Ehrnrooth, Bengt Holmstrom, Jouko
K. Leskinen, Jorma Ollila, Robert van Oordt, Vesa Vainio and Iiro
Viinanen.

The AGM resolved to split the nominal value of the share into four
and to amend it to 6 cents according to the proposal by the Board
of Directors. Public trading in Nokia shares with the new nominal
value will commerce on April 10, 2000.

The AGM also approved the Board's proposal to amend the Articles
of Association so that the Company has only one ordinary auditor,
which is an audit firm approved by the Finnish Central Chamber of
Commerce. No deputy auditor will be elected to the Company any
more. The AGM also resolved to amend the Articles of Association,
so that the term of the auditor is the fiscal year. The AGM
elected PricewaterhouseCoopers Oy as Nokia's auditor.

The AGM approved the proposal by the Board of Directors to renew
the authorizations of the Board to issue new shares, to repurchase
Nokia shares and to dispose Nokia shares. The Board was authorized
to increase the share capital by a maximum of EUR 28.8 million by
issuing a maximum of 480 million new shares each with a nominal
value of 6 cents. The authorizations to repurchase and to dispose
Nokia shares concern a maximum of 224 million shares each with a
nominal value of 6 cents. Authorizations are effective until March
22, 2001 at the latest.

Further information:

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

www.nokia.com