Purchase of Own Securities

Nokia Corporation
22 February 2000


        SHARE REPURCHASE 21.02.2000

The Board of Directors of Nokia Corporation has resolved to re-
purchase a 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.

Trade date                    21.02.2000
Bourse Trade                  BUY
Share                         NOK1V
Amount                        205.000 shares  (trading lots in appendix)

Total cost                    40.195.006,00 EUR
Average price / share         196,07 EUR
Highest price / share         198,20 EUR
Lowest price / share          192,00 EUR

NOKIA CORPORATION holds 205.000 Nokia shares, including the amount
re-purchased today 21.2.2000.

On behalf of NOKIA CORPORATION

Alfred Berg Finland Oy

Robert Sergelius         Marco Granskog