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INTRODUCTION AND USE OF CERTAIN TERMS
Nokia Corporation is a public limited liability company incorporated under the laws of the
Republic of Finland. In this document, any reference to ‘‘we,’’ ‘‘us,’’ ‘‘the Group’’ or ‘‘Nokia’’ means
Nokia Corporation and its subsidiaries on a consolidated basis, except where we make clear that
the term means Nokia Corporation or a particular subsidiary or business group only, and except
that references to ‘‘our shares,’’ matters relating to our shares or matters of corporate governance
shall refer to the shares and corporate governance of Nokia Corporation. Nokia Corporation has
published its consolidated financial statements in euro for periods beginning on or after January 1,
1999. In this Form 20-F, references to ‘‘EUR,’’ ‘‘euro’’ or ‘‘A’’ are to the common currency of the
European Economic and Monetary Union, or EMU, and references to ‘‘dollars,’’ ‘‘US dollars,’’ ‘‘USD’’
or ‘‘$’’ are to the currency of the United States. Solely for the convenience of the reader, this
Form 20-F contains conversions of selected euro amounts into US dollars at specified rates, or, if
not so specified, at the rate of 1.2597 US dollars per euro, which was the noon buying rate in New
York City for cable transfers in euro as certified for customs purposes by the Federal Reserve Bank
of New York on December 31, 2003. No representation is made that the amounts have been, could
have been or could be converted into US dollars at the rates indicated or at any other rates.
In this Form 20-F, unless otherwise stated, references to ‘‘shares’’ are to Nokia Corporation shares,
par value EUR 0.06.
Our principal executive office is currently located at Keilalahdentie 4, P.O. Box 226, FIN-00045 Nokia
Group, Espoo, Finland and our telephone number is +358 (0) 7 1800-8000.
Nokia Corporation furnishes Citibank, N.A., as Depositary, with consolidated financial statements
and a related audit opinion of our independent auditors annually. These financial statements are
prepared on the basis of International Accounting Standards, or IAS. Nokia’s consolidated financial
statements contain a reconciliation of net income and shareholders’ equity to accounting
principles generally accepted in the United States, or US GAAP. Upon receipt, the Depositary
generally delivers these consolidated financial statements to record holders of American Depositary
Receipts, or ADRs, evidencing American Depositary Shares, or ADSs. One ADS represents one share.
We also furnish the Depositary with quarterly reports containing unaudited financial information
prepared on the basis of IAS, as well as all notices of shareholders’ meetings and other reports and
communications that are made available generally to our shareholders. The Depositary makes
these notices, reports and communications available for inspection by record holders of ADSs and
delivers to all record holders of ADSs notices of shareholders’ meetings received by the Depositary.
In addition to the reports delivered to holders of ADSs by the Depositary, holders can access our
consolidated financial statements as well as other information previously included in our printed
annual reports, at www.nokia.com. This Form 20-F is also available at www.nokia.com. With each
annual distribution of our consolidated financial statements, we offer our shareholders and record
holders of ADSs the option of receiving all of these documents electronically in the future.
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