Increase of Shr.Cap., etc.

NOKIA CORPORATION
8 September 1999


Nokia increases the share capital in connection with
the acquisition of Rooftop Communications Corporation

The Board of Directors of Nokia Corporation has today resolved to
increase the share capital of the Company by EUR 127,087.20,
consisting of 529,530 new shares, with the nominal value of EUR
0.24 each, for the subscription price of EUR 80.17 per share. The
subscription price will be paid in kind, i.e. with the common
stock of Rooftop Communications Corporation, a Californian
corporation. The new Nokia shares will be offered for the
subscription by the shareholders of Rooftop Communications
Corporation. The subscription period is September 9 - September
10, 1999. The subscriptions shall be paid no later than September
10, 1999.

The new Nokia shares will be used to acquire Rooftop
Communications Corporation which constitute important financial
grounds to deviate from the shareholders' pre-emptive rights to
subscribe for new shares.

The increase of the Nokia share capital is in compliance and taken
within the authorities of the resolution taken by the Annual
General Meeting on March 17, 1999 as registered with the Finnish
Trade Register on April 9, 1999.

Further information:

Lauri Kivinen
Senior Vice President
Nokia Corporate Communications
tel. [phone]
fax  [phone]

www.nokia.com