Nokia shares cancelled

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Espoo, Finland – Pursuant to the resolution taken by the Annual General Meeting on March 30, 2006, 341,890,000 of Nokia shares held by the company have been cancelled. The share capital of Nokia Corporation has been reduced by the total nominal value of the cancelled shares amounting to EUR 20,513,400, which amount was transferred from share capital into share issue premium.

The reduction in share capital was registered with the Finnish Trade Register on April 6, 2006. As a result of the reduction, the share capital of Nokia is currently EUR 245,545,466.52 and the total number of shares outstanding 4,092,424,442.