Nokia - Nokia Annual General Meeting: Dividend of EUR 0.37 per Share for 2005

Nokia Annual General Meeting: Dividend of EUR 0.37 per Share for 2005;
Nokia to buy Back own Shares; Board and Committee Members Elected

The Annual General Meeting of Nokia (NYSE: NOK - News) Corporation held on March 30, 2006 (AGM) resolved to distribute a dividend of EUR 0.37 per share for 2005, as proposed by the Board of Directors. The ex-date of the dividend payment is March 31, 2006 and the record date is April 4, 2006. The dividend will be paid as of April 21, 2006.

The AGM resolved to reduce the share capital through cancellation of 341 890 000 Nokia shares currently held by the Company. The share capital will be reduced by a transfer of the aggregate par value of these shares from the share capital to the share issue premium.
The AGM resolved to continue the authorizations held by the Board. It authorized the Board of Directors to increase the share capital by a maximum of EUR 48,540,000, disapplying the shareholders' pre-emptive right for subscription. The AGM further authorized the Board to repurchase a maximum of 405 million Nokia shares, and to dispose a maximum of 405 million Nokia shares. The authorizations are effective until March 30, 2007.
Nokia to buy back own shares
The Board of Directors confirmed its previously announced plan and resolved to repurchase Nokia shares under the authorization given by the AGM and the Board's share repurchase plan by using a maximum of EUR 6.5 billion for the repurchases, however, so that a maximum of 405 million Nokia shares be repurchased.
The shares will be repurchased through public trading for purposes identified in the authorization. Shares may be repurchased by using certain derivative, share lending or other arrangements, in which case the repurchase price paid by the Company may differ from the market price of the day of execution of the arrangement. All shares, however, are to be purchased at a price based on the market price of the Nokia share in public trading.
The repurchases will commence no earlier than April 21, 2006.