Nokia's share capital increased in connection with the acquisition of DiscoveryCom, Inc.

A total of 3,909,295 Nokia shares with the par value of EUR 0.06 were subscribed for after the previous increase in the share capital was registered on August 25, 2000. The share subscriptions relate to the decision by the Board of Directors of Nokia taken on the basis of the authorization given by the Annual General Meeting on March 22, 2000, and to the acquisition of DiscoveryCom, Inc. According to the acquisition agreement, a part of the acquisition price is paid in Nokia shares.

The corresponding increase in the share capital, EUR 234,557.70, was registered in the Finnish Trade Register on September 4, 2000. As a result, the share capital of Nokia currently is EUR 281,285,655.54 and the total number of shares is 4,688,094,259. Nokia received as additional shareholders' equityEUR 179,751,338.75.

Nokia has filed an application for listing of the new shares on the Helsinki Exchanges together with the other listed shares as of September 5, 2000. Listing of the shares will also be applied for at the Frankfurt, London, Paris and Stockholm Stock Exchanges later this year.


Further information:

Nokia Corporate Communications
Tel. + 358 9 1807 363
Fax +358 9 652 409
e-mail: communications.corporate@nokia.com

www.nokia.com