Trading Statement

Nokia Corporation
10 December 2002




                                                                 PRESS RELEASE

December 10, 2002

Nokia expects 4Q EPS in line with guidance
and significant mobile phone market share gains



Nokia today provided a scheduled mid-quarter update to the company's business
outlook for the fourth quarter 2002.



Fourth-quarter pro forma EPS (diluted) for the Nokia group is expected to be
comfortably within the earlier estimated range of EUR 0.23 to EUR 0.25,
culminating in a full year pro forma EPS (diluted) in the range of EUR 0.79 to
EUR 0.81.



Overall mobile phone volume demand is developing in line with expectations and
the company remains confident with its 400 million full-year handset market
volume estimate for 2002. Nokia in addition expects to see significant market
share gains for the fourth quarter, compared with the third quarter, 2002.



Handset sales, while being seasonally strong, have tended towards the
mass-volume end of the product portfolio in the lead up to the holiday season.
Fourth-quarter sales for the Nokia group are therefore expected to reach EUR 8.8
- 9.0 billion, at the lower end or slightly below earlier sales guidance of EUR
8.9 - 9.2 billion given in conjunction with third-quarter results.



Profitability at Nokia Mobile Phones is continuing at very healthy levels, with
pro forma operating margins for the fourth quarter expected to exceed the level
of the third quarter, 2002.



Nokia Networks sales are expected to show sequential growth compared with the
third quarter. Sales estimates include revenue recognition related to dual-mode
GSM/WCDMA network equipment of about EUR 400 million, based on the assumption
that the necessary technology milestones for such recognition are met by the end
of the year. Pro forma operating margins for Nokia Networks are now estimated to
be approximately zero for the fourth quarter.





It should be noted that certain statements herein which are not historical
facts, including, without limitation those regarding A) the timing of product
deliveries; B) our ability to develop and implement new products and
technologies; C) expectations regarding market growth and developments; D)
expectations for growth and profitability; and E) statements preceded by
'believe,' 'expect,' 'anticipate,' 'foresee' or similar expressions, are
forward-looking statements. Because these statements involve risks and
uncertainties, actual results may differ materially from the results that we
currently expect.  Factors that could cause these differences include, but are
not limited to: 1) developments in the mobile communications market including
the continued development of the replacement market and the Company's success in
the 3G market; 2) demand for products and services; 3) market acceptance of new
products and service introductions; 4) the availability of new products and
services by operators; 5) weakened economic conditions in many of the Company's
principal markets; 6) pricing pressures; 7) intensity of competition; 8) the
impact of changes in technology; 9) consolidation or other structural changes in
the mobile communications market; 10) the success and financial condition of the
Company's partners, suppliers and customers; 11) the management of the Company's
customer financing exposure; 12) the continued success of product development by
the Company; 13) the continued success of cost-efficient, effective and flexible
manufacturing by the Company; 14) the ability of the Company to source component
production and R&D without interruption and at acceptable prices; 15) inventory
management risks resulting from shifts in market demand; 16) fluctuations in
exchange rates, including, in particular, the fluctuations in the euro exchange
rate between the US dollar and the Japanese yen; 17) impact of changes in
government policies, laws or regulations; 18) the risk factors specified on
pages 10 to 17 of the Company's Form 20-F for the year ended December 31, 2001.


For more information:

Lauri Kivinen, Corporate Communications, tel. [phone]

Ulla James, Investor Relations, tel. [phone]

Antti Raikkonen, Investor Relations, tel. [phone]

www.nokia.com

-  Nokia plans a 4Q and end-year results announcement for 23 January, 2003.

-  Results announcements for 1Q, 2Q and 3Q, 2003 are planned for April 17, 
   July 17 and October 16, respectively.

-  The Annual General meeting is expected to be held on March 27, 2003.


                      This information is provided by RNS
            The company news service from the London Stock Exchange