Hitt og þetta 21. apríl 2006

Hugin Ad hoc announcement according to § 15 WpHG: Misc. matters: NOKIA: Resolution of the

Espoo, Finland - Nokia Board of Directors has resolved to dispose and transfer a net total amount of 2 014 437 Nokia shares as settlement under the Performance Share Plan 2004 to the Plan participants, employees of Nokia Group. The shares will be settled and disposed out of treasury shares held by the Company, as a result of the Company reaching the predetermined financial criteria set for the Interim Measurement period 2004-2005. The Performance Share Plan 2004 will continue until the end of 2007. The resolution is based on the authorization granted by the Annual General Meeting on March 30, 3006.

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