LIFETIME ACHIEVEMENT AWARD PRESENTED TO NOKIA CHAIRMAN & CEO JORMA OLLILA

CTIA WIRELESS Honors Ollila for His Contributions and Leadership In Mobile Communications

Las Vegas, April 5, 2006 – CTIA WIRELESS 2006® today presented retiring Nokia Chairman and CEO Jorma Ollila with a lifetime achievement award honoring his numerous contributions, leadership and advancement of global mobile communications. CTIA WIRELESS opens today and runs thru April 7th at the Las Vegas Convention Center.

In his keynote address, Jorma Ollila described the current and future developments in mobile communications and the way the size, growth and dynamics of the emerging markets are increasingly driving demand. He also reiterated that in 2006, Nokia estimates the mobile device market volume to increase globally 15% or more from the estimated 795 million units in 2005.

In concluding, Ollila said: "The great thing is that we are still in the early days of innovation not only in mobile devices and services, but also in our collaborative strengths. The future will see this market, and this industry, expand significantly."

"Under his leadership Nokia has led global innovation in mobility, enterprise and consumer electronics," said Largent. "Coined `the wireless wonder' by Time Magazine for his numerous contributions in advancing the marketplace, Jorma has made an indelible mark in the history of wireless communication. He has built Nokia into a world-class company and brand. His distinguished career has spanned more than 30 years and touched the lives of millions of wireless users at home, in the office and on the road."

Ollila has led Nokia's transformation into a company that sets the benchmark for mobile communications. He joined Nokia in 1985 and held a variety of key management positions before taking the helm in 1992. As CEO, he presented an ambitious strategy that successfully restructured the former industrial conglomerate and, along with his team, accelerated its growth into one of the most successful companies in both the mobile phone and telecommunications infrastructure markets.

Under his guidance, Nokia has achieved global market leadership and is listed on five major exchanges. Prior to joining Nokia, Ollila spent eight successful years at Citibank (today Citigroup), moving through various positions to management and board member.