Purchase of Own Securities

Nokia Corporation
2 March 2000



Share repurchase 29.02.2000

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                 29.02.2000
Bourse Trade               BUY
Share                      NOK1V
Amount                     50.000 shares
Total cost                 10.368.315,00 EUR
Average price / share      207,36 EUR
Highest price / share      208,00 EUR
Lowest price / share       206,85 EUR

NOKIA CORPORATION holds 455.000 Nokia shares, including the amount
re-purchased today 29.2.2000.

On behalf of NOKIA CORPORATION

Alfred Berg Finland Oy

Robert Sergelius         Marco Granskog