Was hat denn der Dax vor?

end of ad-hoc-announcement  (c)DGAP 11.12.2001

Issuer's information/explanatory remarks concerning this ad-hoc-announcement:

Nokia is the world leader in mobile communications. Backed by its experience,
innovation, user-friendliness and secure solutions, the company has become the
leading supplier of mobile phones and a leading supplier of mobile, fixed and IP
networks. By adding mobility to the Internet Nokia creates new opportunities
for companies and further enriches the daily lives of people. Nokia is a broadly
held company with listings on six major exchanges.

It should be noted that certain statements herein which are not historical
facts, including, without limitation those regarding 1) the timing of product
deliveries; 2) the Company's ability to develop and implement new products and
technologies; 3) expectations regarding market growth and developments; 4)
expectations for growth and profitability; and 5) statements preceded by
"believes", "expects", "anticipates", "foresees", or similar expressions, are
forward-looking statements. Because such statements involve risks and
uncertainties, actual results may differ materially from the results currently
expected by the Company. Factors that could cause such differences include, but
are not limited to 1) industry conditions, such as the strength of product
demand, the intensity of competition, pricing pressures, the acceptability of
new product introductions such as Internet-ready phones, the introduction of new
products by competitors, the impact of changes in technology, including the
Company's success in the emerging 3G market, the introduction and marketing of
new products and services by operators, the ability of the Company to source
components from third parties without interruption and at reasonable prices,
demand for vendor financing and the Company's ability and willingness to provide
such financing and to mitigate the related exposure, and the success and
financial condition of the Company's strategic partners and customers; 2)
operating factors, such as continued success of manufacturing activities and the
achievement of manufacturing efficiencies therein, continued success of product
development and inventory risks due to shifts in market demand; 3) general
economic conditions in the Company's principal geographic markets and in the
wireless telecommunications industry as a whole, and fluctuations in exchange
rates, including in particular the impact of the exchange rate between the Euro
and the US dollar; as well as 4) the risk factors specified on pages 10 to 16 of
the Company's Form 20-F for the year ended December 31, 2000.

Further  information:

Lauri Kivinen, Corporate Communications, tel. +358 7180 34495
Ulla James, Investor Relations, tel. +1 972 894 4880
Antti Räikkönen, Investor Relations, tel. +358 7180 34290

www.nokia.com

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WKN: 870737; ISIN: FI0009000681; Index:
Listed: Amtlicher Handel in Frankfurt;
Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart