Jorma Ollila Market Quotations

Despite the more difficult market conditions ... we expect to see solid growth for the first quarter as a whole, with better-than-anticipated margins,

China currently has 380 million mobile subscribers. We believe that by 2010, China will have added another 250 million mobile subscribers, making it the single largest mobile market in the world.

We anticipate that there will be a long-term sustainable demand for mobile telephony in the fast growing Indian market. In fact, we estimate that India will become the world's second biggest mobile device market when measured by volumes in year 2010.

Based on our strong performance and preliminary market data for the first nine months in 1998, we now feel confident in declaring that we have significantly increased our market share in mobile phones to become the largest manufacturer of mobile phones worldwide,

The handset market is entering a new growth period spurred by the arrival of an increasing number of mass volume products with colour and multimedia messaging capability, all enriching the customer experience,

We expect to have market share of 40 percent in the handset business, from our current position of 35 percent,

Current visibility suggest overall market volume for 2002 will reach our earlier eexpectations of 400 million units sold.

Our position in the fastest-growing market in the world continues to be strong.

For the combined Mainland China, Hong Kong and Taiwan markets, we now have an estimated device market share of well over 30%.

A robust market coupled with our strong product portfolio and excellent execution produced outstanding results in a seasonally challenging first quarter.

India will be the second-largest mobile handset market globally by 2010 after China. Nokia is working closely with telecommunications service providers to reduce the cost of ownership and make more affordable and attractive handsets.

In mobile devices, we have been making excellent progress in expanding and upgrading our product offering, which is the broadest in the market and caters to all relevant consumers and trade customers globally,