Share Capital Increase,etc

Nokia Corporation
4 September 2000


Nokia's share capital increased in connection with
the acquisition of DiscoveryCom, Inc.


A total of 3,909,295 Nokia shares with the par value of EUR 0.06
were subscribed for after the previous increase in the share
capital was registered on August 25, 2000. The share subscriptions
relate to the decision by the Board of Directors of Nokia taken on
the basis of the authorization given by the Annual General Meeting
on March 22, 2000, and to the acquisition of DiscoveryCom, Inc.
According to the acquisition agreement, a part of the acquisition
price is paid in Nokia shares.

The corresponding increase in the share capital, EUR 234,557.70,
was registered in the Finnish Trade Register on September 4, 2000.
As a result, the share capital of Nokia currently is EUR
281,285,655.54  and the total number of shares is 4,688,094,259.
Nokia received as additional shareholders' equity EUR
179,751,338.75.

Nokia has filed an application for listing of the new shares on
the Helsinki Exchanges together with the other listed shares as of
September 5, 2000. Listing of the shares will also be applied for
at the Frankfurt, London, Paris and Stockholm Stock Exchanges.

Further information:

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

www.nokia.com