Nokia Stock Options Exercised

Nokia Corporation 13 February 2003 Nokia Stock Options Exercised For Share Subscription A total of 7,160,272 Nokia shares were subscribed for after the increase in the share capital registered on January 13, 2003. The shares were subscribed for with the A, B and C stock options of the Nokia Stock Option Plan 1997 issued to the key personnel of Nokia. The Stock Option Plan was approved by the Annual General Meeting of March 25, 1997. The corresponding increase in the share capital, in total EUR 429,616.32 has been registered in the Finnish Trade Register on February 13, 2003. As a result of the increase, the share capital of Nokia is currently EUR 287,704,044.78 and the total number of shares is 4,795,067,413. Nokia received as additional shareholders' equity a total of EUR 23,105,302.71. The new shares subscribed for entitle their holders to dividend for the first time for the fiscal year 2003. The holders of the new shares are entitled to all other shareholders' rights from the registration date, February 13, 2003. However, the new shares will be listed on the Helsinki Exchanges together with the other shares no earlier than in the beginning of April 2003. Listing of the shares will also be applied for on the Frankfurt, London, New York, Paris and Stockholm Stock Exchanges. The subscription period for the A stock options of the Nokia Stock Option Plan 1997 began in December 1997, for the B stock options in November 1999 and for the C stock options in November 2001. Subsequently, the share subscription period began for the A stock options of the Nokia Stock Option Plan 1999 in April 2001 and for the B stock options in April 2002, for the 2001AB stock options of the Nokia Stock Option Plan 2001 in July 2002, for the 2001C 3Q/01 stock options in October 2002 and for the 2001C 4Q/01 stock options in January 2003. The subscription period of A, B and C stock options of the Nokia Stock Option Plan 1997 ended on January 31, 2003. Further information: Nokia Corporate Communications Tel. +358 (0) 7180 34459 Fax. + 358 (0) 7180 38226 www.nokia.com This information is provided by RNS The company news service from the London Stock Exchange

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