Purchase of Own Securities

Nokia Corporation
23 March 2001


NOKIA                      PRESS RELEASE
                           March 23, 2001


Nokia repurchases a maximum of 50 million
Nokia shares from the market

The Board of Directors of Nokia Corporation has resolved to
repurchase a maximum of 50,000,000 Nokia shares through public
trading. The shares will be repurchased on the basis of the
authorization given by the Annual General Meeting to the Board on
March 21, 2001. The shares will be used to further develop the
capital structure of the Company, to finance or execute
acquisitions or other arrangements, to be transferred in other
ways, or to be cancelled.  The repurchases will commence on March
30, 2001 at the earliest.

Further information:

Nokia
Corporate Communications
Tel. [phone]
Fax [phone]
Email [e-mail]

www.nokia.com