Purchase of Own Securities

Nokia Corporation
1 February 2000


NOKIA BOARD REPURCHASES THE MAXIMUM OF 2 MILLION NOKIA SHARES FROM
THE MARKET

The Board of Directors of Nokia Corporation has resolved to
repurchase the maximum of 2,000,000 Nokia shares from the market
at market price. The shares will be repurchased on the basis of
the authorization given by the Extraordinary General Meeting to
the Board on December 13, 1999, and they will be used to further
develop the capital structure of the Company, to finance business
acquisitions or other arrangements, to be disposed in other ways,
or to be cancelled. The repurchases will commence on February 8,
2000 at the earliest.

Nokia is paving the way to the mobile information society with its
innovative products and solutions. The company is the leading
mobile phone supplier and a leading supplier of mobile, fixed and
IP networks, related services as well as multimedia terminals. In
1999, Nokia's net sales totaled EUR 19.8 billion (USD 19.9
billion). Headquartered in Finland, Nokia is listed on the New
York (NOK), Helsinki, Stockholm, London, Frankfurt and Paris stock
exchanges and employs more than 55 000 people.

For more information:
Nokia Corporate Communications
Tel. [phone]
Fax  [phone]

www.nokia.com