To: Mika Kukkanen who wrote (1245 ) 12/21/1998 12:43:00 PM From: Mika Kukkanen Respond to of 34857
Nokia warrants exercised for share subscription (December 21, 1998) - A total of 607,090 A shares with the nominal value of FIM 2.50 were subscribed for after the previous increase in the share capital was registered on December 2, 1998. The shares were subscribed for with the warrants attached to the bond loans issued to the key personnel of Nokia. With the warrants of the 1994 bond loan, 29,928 shares were subscribed for at the price of FIM 374 for eight shares. With the warrants of the 1995 bond loan, 164,800 shares were subscribed at the price of FIM 168 for two shares, and with the warrants of the 1997 bond loan, 412,362 shares were subscribed at the price of FIM 307 for two shares. The issue of these bond loans was approved by the Annual General Meetings of April 7, 1994, March 30, 1995 and March 25, 1997. The increase in the share capital, in total FIM 1,517,725 was registered in the Finnish Trade Register on December 18, 1998. As a result of the increase, the share capital of Nokia is now FIM 1,507,304,120 and the total number of shares is 602,921,648. Nokia received as additional shareholders' equity in total FIM 78,539,901. The holders of the new shares are entitled to all shareholders' rights from the registration date. The new shares will be listed at the Helsinki Stock Exchange together with the old shares on December 21, 1998. Listing of the shares will also be applied for at the Frankfurt, London, New York, Paris and Stockholm Stock Exchanges. The subscription for shares with the Nokia 1995 and 1996 bond loans with warrants began in December 1997 and with the Nokia 1994 bond loan with warrants in December 1998. Nokia is the world's leading mobile phone supplier and a leading supplier of mobile and fixed telecom networks including related customer services. Nokia also supplies solutions and products for fixed and wireless datacom, as well as multimedia terminals and computer monitors. In 1997, net sales totaled FIM 52.6 billion (USD 9.8 billion). Headquartered in Finland, Nokia is listed on five European Stock Exchanges and on the New York Stock Exchange (NOK.A), has sales in 130 countries and employs more than 42,000 people world-wide. Contact information: Marja-Terttu Verho Communications Manager, Nokia Tel. +358 9 1807 286