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April 14 2006

Nokia Q1 2006 device average selling price (ASP) above earlier expectations

Nokia has announced that its device average selling price (ASP) in the first quarter of 2006 was EUR 103.

This reflects the lower than expected proportion of the lower priced entry level products for Nokia during the quarter. Previously, Nokia estimated that its device ASPs in the first quarter would be flat to slightly down sequentially. Nokia device ASP in the fourth quarter of 2005 was EUR 99.

This preannouncement does not include any preliminary information on any other development during Q1 2006, nor any outlook or guidance on Nokia device ASPs or any other development after the Q1 2006. This announcement is made solely to comply with the Standards of the Finnish Financial Supervision as amended in August 2005.