The Annual General Meeting (AGM) of Nokia approved on March 27, 2003, a stock option plan including issuance of a maximum number of 94, 600, 000 stock options to be granted to key personnel of Nokia, or subscribed by a wholly- owned subsidiary of Nokia to be further granted to such persons. During the subscription period since the AGM resolution in 2003, a total number of 43, 000, 000 stock options have been duly subscribed for under this plan. This number of 43, 000, 000 has today, in compliance with Finnish law, been entered into the Finnish Trade Register as the issued amount under the 2003 plan. If the issued stock options are exercised, Nokia's share capital will increase based on the exercises by a maximum of EUR 2 ,580, 000. The share subscriptions based on stock option exercises under the plan may take place between 1 July 2004 and 31 December 2009.
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