As filed with the Securities and Exchange Commission on March 30, 2006


                                                  Registration No. 333-________

-------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                              --------------------

                                    FORM S-8
                             REGISTRATION STATEMENT
                        UNDER THE SECURITIES ACT OF 1933
                              --------------------

                                NOKIA CORPORATION
             (Exact name of Registrant as specified in its charter)


          Republic of Finland                         Not Applicable
    (State or other jurisdiction of                  (I.R.S. Employer
    incorporation or organization)                Identification Number)

                         Keilalahdentie 4, P.O. Box 226
                              FIN-00045 NOKIA GROUP
                                 Espoo, Finland
                                (011) 358-9-18071
   (Address and telephone number of Registrant's principal executive offices)

                        NOKIA PERFORMANCE SHARE PLAN 2006
                        NOKIA RESTRICTED SHARE PLAN 2006
                          NOKIA STOCK OPTION PLAN 2005


                        NOKIA AUXILIARY EQUITY PLAN 2006
    (currently comprised of the Nokia Auxiliary Performance Share Plan 2006,
                 the Nokia Auxiliary Restricted Share Plan 2006,
                 and the Nokia Auxiliary Stock Option Plan 2006)


                            (Full title of the plans)

                               Richard W. Stimson
                               Nokia Holding, Inc.
                              6000 Connection Drive
                               Irving, Texas 75039
                                +1 (972) 894-5000
            (Name, address and telephone number of agent for service)

                                   Copies to:
                           Doreen E. Lilienfeld, Esq.
                             Shearman & Sterling LLP
                              599 Lexington Avenue
                            New York, New York 10022
                                +1 (212) 848 7171

<PAGE>

<TABLE>
<CAPTION>
======================================================================================================================
                                           CALCULATION OF REGISTRATION FEE
======================================================================================================================
  Title of Securities to Be      Amount to Be       Proposed Maximum           Proposed Maximum          Amount of
          Registered              Registered       Offering Price Per      Aggregate Offering Price     Registration
                                                        Security                                            Fee
----------------------------------------------------------------------------------------------------------------------
<S>                             <C>                    <C>                       <C>                      <C>
Shares of Nokia Corporation,    5,750,000 (2)          20.255(3)                 $116,466,250             $12,462
par value EUR 0.06 per share
======================================================================================================================
</TABLE>

(1)      American Depositary Receipts evidencing American Depositary Shares
         ("ADSs") issuable on deposit of Shares of Nokia Corporation, par value
         EUR 0.06 per share (the "Shares"), have been registered pursuant to a
         separate Registration Statement on Form F-6 (Registration No. 333-4920)
         and currently are traded on the New York Stock Exchange under the
         ticker symbol "NOK." Each ADS represents one Share. Pursuant to Rule
         416 under the Securities Act of 1933, as amended (the "Securities
         Act"), this Registration Statement on Form S-8 shall also cover any
         additional Shares that become deliverable by reason of any stock
         dividend, stock split, recapitalization or other similar transaction
         effected without the receipt of consideration that results in an
         increase in the number of outstanding Shares.
(2)      Represents an aggregate of 5,750,000 Shares, of which 1,000,000 Shares
         are available for future issuance under the Nokia Performance Share
         Plan 2006, 750,000 Shares are available for future issuance under the
         Nokia Restricted Share Plan 2006, 2,000,000 Shares are available for
         future issuance under the Nokia Stock Option Plan 2005 and 2,000,000
         Shares are available for issuance under the Nokia Auxiliary Equity Plan
         2006 and may be distributed under its sub-plans (currently the Nokia
         Auxiliary Performance Share Plan 2006, the Nokia Auxiliary Restricted
         Share Plan 2006, and the Nokia Auxiliary Stock Option Plan 2006).
(3)      Estimated solely for the purpose of calculating the registration fee.
         Such estimate is calculated pursuant to Rules 457(c) and 457(h) under
         the Securities Act of 1933, as amended, based on the average of the
         high and low trading prices ($20.50 and $20.01, respectively) of Nokia
         Corporation ADSs on the New York Stock Exchange on March 28, 2006.

<PAGE>

                                     Part I

              INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1.   Plan Information.*


Item 2.   Registrant Information and Employee Plan Annual Information.*





-----------------
*        Information required by Part I to be contained in the Section 10(a)
         prospectus is omitted from this Registration Statement in accordance
         with Rule 428 under the Securities Act, and the "Note" to Part I of
         Form S-8.

<PAGE>

                                    Part II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT


Item 3.   Incorporation of Documents by Reference.

         The following documents filed with the Securities and Exchange
Commission (the "Commission") are incorporated by reference as of their
respective dates in this Registration Statement:

(a)      the Registrant's Form 20-F for the fiscal year ended December 31, 2005
         (File No. 1-13202), filed on March 2, 2006; and

(b)      the description of the Registrant's Shares, par value EUR 0.06 per
         share (the "Shares"), registered under Section 12 of the U.S.
         Securities Exchange Act of 1934, as amended (the "Exchange Act"),
         contained in "Item 9. The Offer and Listing" and "Item 10. Additional
         Information," respectively, of the Form 20-F described in, and
         incorporated by reference in, paragraph (a) above.

         All documents subsequently filed by the Registrant pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a
post-effective amendment to this Registration Statement, which indicates that
all securities offered have been sold or which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference in this
Registration Statement and are a part hereof from the date of filing of such
documents.

         Any statement contained in a document incorporated or deemed
incorporated by reference in this Registration Statement shall be deemed to be
modified or superseded for purposes of this Registration Statement to the extent
that a statement contained herein or in any other subsequently filed document
which also is or is deemed to be incorporated by reference herein modifies or
supersedes such statement. Any such statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.

Item 4.  Description of Securities.

         Not applicable.

Item 5.  Interests of Named Experts and Counsel.

         Not applicable.

Item 6.  Indemnification of Directors and Officers.

         The Articles of Association of the Registrant contain no provisions
under which any member of the Board of Directors or officers is indemnified in
any manner against any liability which he may incur in his capacity as such.
Article 12 of the Articles of Association of

<PAGE>

the Registrant, however, provides inter alia, that the "General Meeting of
Shareholders ... shall take resolutions on ... discharging the members of the
Board of Directors and the President from liability."

         The Registrant maintains liability insurance in the amount of the
aggregate of EUR 350 million for its Board of Directors and certain of its
officers. Such persons are insured against liability for "wrongful acts,"
including breach of duty, breach of trust, neglect, error and misstatement.

         At present, there is no pending material litigation or proceeding
involving a director or officer of the Registrant where indemnification will be
required or permitted. In addition, the Registrant is not aware of any
threatened material litigation or proceeding that may result in a claim for such
indemnification.

Item 7.   Exemption from Registration Claimed.

          Not applicable.

Item 8.   Exhibits.

          See Exhibit Index.

Item 9.   Undertakings.

(a)      The undersigned Registrant hereby undertakes:

         (1)  To file, during any period in which offers or sales are being made
              of securities registered hereby, a post-effective amendment to
              this Registration Statement which shall include any material
              information with respect to the plan of distribution not
              previously disclosed in the Registration Statement or any material
              change to such information in the Registration Statement;

         (2)  That, for the purpose of determining any liability under the
              Securities Act, each such post-effective amendment shall be deemed
              to be a new registration statement relating to the securities
              offered therein, and the offering of such securities at that time
              shall be deemed to be the initial bona fide offering thereof; and

         (3)  To remove from registration by means of a post-effective amendment
              any of the securities being registered which remain unsold at the
              termination of the offering.

(b)      The undersigned Registrant hereby further undertakes that, for purposes
         of determining any liability under the Securities Act, each filing of
         the Registrant's annual report pursuant to Section 13(a) or 15(d) of
         the Exchange Act that is incorporated by reference in the Registration
         Statement shall be deemed to be a new registration statement relating
         to the securities offered therein, and the offering of such securities
         at that time shall be deemed to be the initial bona fide offering
         thereof.


                                       5

<PAGE>

(c)      Insofar as indemnification for liabilities arising under the Securities
         Act may be permitted to directors, officers and controlling persons of
         the Registrant pursuant to the foregoing provisions, or otherwise, the
         Registrant has been advised that in the opinion of the Securities and
         Exchange Commission such indemnification is against public policy as
         expressed in the Securities Act and is, therefore, unenforceable. In
         the event that a claim for indemnification against such liabilities
         (other than the payment by the Registrant of expenses incurred or paid
         by a director, officer or controlling person of the Registrant in the
         successful defense of any action, suit or proceeding) is asserted by
         such director, officer or controlling person in connection with the
         securities being registered, the Registrant will, unless in the opinion
         of its counsel the matter has been settled by controlling precedent,
         submit to a court of appropriate jurisdiction the question whether such
         indemnification by it is against public policy as expressed in the
         Securities Act and will be governed by the final adjudication of such
         issue.




                                       6

<PAGE>

                                    Part III

                                   SIGNATURES

         Pursuant to the requirements of the U.S. Securities Act of 1933, as
amended, the Registrant certifies that it has reasonable grounds to believe that
it meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in Helsinki, Republic of Finland on March 30, 2006.



NOKIA CORPORATION



By:   /s/ Kaarina Stahlberg                By:  /s/ Marianna Uotinen-Tarkoma
   -----------------------------              ------------------------------
Name:  Kaarina Stahlberg                   Name:  Marianna Uotinen-Tarkoma
Title: Vice President, Assistant           Title: Director, Corporate &
       General Counsel                            Securities Law




                                       7

<PAGE>


                                POWER OF ATTORNEY


         KNOW ALL MEN BY THESE PRESENTS that each person whose signature appears
below constitutes and appoints Ms. Kaarina Stahlberg and/or Ms. Marianna
Uotinen-Tarkoma his/her true and lawful attorney-in-fact and agent, each acting
alone, each with full power of substitution, for him/her and in his/her name,
place and stead, in any and all capacities, to sign any or all amendments,
including post-effective amendments, and supplements to this Nokia Corporation
Registration Statement on Form S-8, and to file the same, with all exhibits
thereto and other documents in connection therewith, with the United States
Securities and Exchange Commission, granting unto said attorney(s)-in-fact and
agent(s) full power and authority to do and perform each and every act and thing
requisite and necessary to be done in and about the premises, as fully to all
intents and purposes as he/she might or could do in person, hereby ratifying and
confirming all that said attorney(s)-in-fact and agent(s), or his/her substitute
or substitutes, may lawfully do or cause to be done by virtue thereof.

         Pursuant to the requirements of the U.S. Securities Act of 1933, as
amended, this Registration Statement has been signed below by the following
persons in the indicated capacities on March 30, 2006.




Members of the Board of Directors:


/s/ Paul J. Collins
__________________________________          Vice Chairman, Director
Name:  Paul J. Collins


/s/ Georg Ehrnrooth
__________________________________          Director
Name:  Georg Ehrnrooth


/s/ Daniel R. Hesse
__________________________________          Director
Name:  Daniel R. Hesse


/a/ Dr. Bengt Holmstrom
__________________________________          Director
Name:  Dr. Bengt Holmstrom


/s/ Per Karlsson
__________________________________          Director
Name:  Per Karlsson



                                       8

<PAGE>


/s/ Edouard Michelin
__________________________________          Director
Name:  Edouard Michelin



/s/ Jorma Ollila
----------------------------------          Chairman of the Board of Directors
Name:  Jorma Ollila                         Chief Executive Officer


/s/ Dame Marjorie Scardino
__________________________________          Director
Name:  Dame Marjorie Scardino


/s/ Keijo Suila
__________________________________          Director
Name:  Keijo Suila


/s/ Vesa Vainio
__________________________________          Director
Name:  Vesa Vainio



President:


/s/ Olli-Pekka Kallasvuo
----------------------------------
Name:  Olli-Pekka Kallasvuo



Chief Financial Officer (whose functions
include those of Chief Accounting
Officer):


/s/ Richard A. Simonson
----------------------------------
Name:  Richard A. Simonson





                                       9

<PAGE>


Authorized Representative in the United States:



/s/ Richard W. Stimson
----------------------------------
Name:  Richard W. Stimson




                                       10

<PAGE>


                                  EXHIBIT INDEX


Exhibit No.                   Description of Document

4.1      Articles of Association of the Registrant (English translation)
         (incorporated by reference to the Registrant's Form 20-F for the year
         ended December 31, 2000 (File No. 1-13202), filed with the Commission
         on June 28, 2001).

4.2      Amended and Restated Deposit Agreement dated March 28, 2000 by and
         among Nokia Corporation, Citibank, N.A., as Depositary, and the Holders
         from time to time of American Depositary Receipts representing American
         Depositary Shares issued thereunder (incorporated by reference to
         Registrant's Form F-6 Registration Statement (Registration No.
         333-11740), filed with the Commission on March 28, 2000).

*4.3     Nokia Performance Share Plan 2006.

*4.4     Nokia Restricted Share Plan 2006.

 4.5     Nokia Stock Option Plan 2005 (incorporated by reference to the
         Registrant's Form S-8 (Registration No. 333-124700) filed with the
         Commission on May 6, 2005).

*4.6     Nokia Auxiliary Equity Plan 2006.


*4.7     Nokia Auxiliary Performance Share Plan 2006.

*4.8     Nokia Auxiliary Restricted Share Plan 2006.

*4.9     Nokia Auxiliary Stock Option Plan 2006.

*5.1     Opinion of Kaarina Stahlberg, VP, Assistant General Counsel of the
         Registrant, as to the validity of the shares to be issued pursuant to
         the Nokia Performance Share Plan 2006, the Nokia Restricted Share Plan
         2006, the Nokia Stock Option Plan 2005, and the Nokia Auxiliary Equity
         Plan 2006 (currently comprised of the Nokia Auxiliary Performance Share
         Plan 2006, the Nokia Auxiliary Restricted Share Plan 2006 and the Nokia
         Auxiliary Stock Option Plan 2006).

*23.1    Consent of PricewaterhouseCoopers Oy, Helsinki, Finland, Independent
         Registered Public Accounting Firm.

*23.2    Consent of Kaarina Stahlberg, VP, Assistant General Counsel of the
         Registrant (included in Exhibit 5.1).

*24      Power of Attorney (included on signature page).

---------------------------
* Filed herewith.



                                       11
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{"company-data": {"conformed-name": "NOKIA CORP", "cik": "0000924613", "assigned-sic": "3663", "irs-number": "000000000", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-132846", "film-number": "06722839"}, "business-address": {"street1": "KEILALAHDENTIE 4", "street2": "P O BOX 226", "city": "ESPOO FINLAND", "state": "H9", "zip": "00000", "phone": "0358018071"}, "mail-address": {"street1": "KEILALAHDENTIE 4", "street2": "P O BOX 226", "city": "ESPOO", "state": "H9", "zip": "02150"}}
As filed with the Securities and Exchange Commission on March 30, 2006

                                                  Registration No. 333-________

-------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                              --------------------

                                    FORM S-8
                             REGISTRATION STATEMENT
                        UNDER THE SECURITIES ACT OF 1933
                              --------------------

                                NOKIA CORPORATION
             (Exact name of Registrant as specified in its charter)

          Republic of Finland                         Not Applicable
    (State or other jurisdiction of                  (I.R.S. Employer
    incorporation or organization)                Identification Number)

                         Keilalahdentie 4, P.O. Box 226
                              FIN-00045 NOKIA GROUP
                                 Espoo, Finland
                                (011) 358-9-18071
   (Address and telephone number of Registrant's principal executive offices)

                        NOKIA PERFORMANCE SHARE PLAN 2006
                        NOKIA RESTRICTED SHARE PLAN 2006
                          NOKIA STOCK OPTION PLAN 2005

                        NOKIA AUXILIARY EQUITY PLAN 2006
    (currently comprised of the Nokia Auxiliary Performance Share Plan 2006,
                 the Nokia Auxiliary Restricted Share Plan 2006,
                 and the Nokia Auxiliary Stock Option Plan 2006)

                            (Full title of the plans)

                               Richard W. Stimson
                               Nokia Holding, Inc.
                              6000 Connection Drive
                               Irving, Texas 75039
                                +1 (972) 894-5000
            (Name, address and telephone number of agent for service)

                                   Copies to:
                           Doreen E. Lilienfeld, Esq.
                             Shearman & Sterling LLP
                              599 Lexington Avenue
                            New York, New York 10022
                                +1 (212) 848 7171
======================================================================================================================
                                           CALCULATION OF REGISTRATION FEE
======================================================================================================================
  Title of Securities to Be      Amount to Be       Proposed Maximum           Proposed Maximum          Amount of
          Registered              Registered       Offering Price Per      Aggregate Offering Price     Registration
                                                        Security                                            Fee
----------------------------------------------------------------------------------------------------------------------
Shares of Nokia Corporation,    5,750,000 (2)          20.255(3)                 $116,466,250             $12,462
par value EUR 0.06 per share
======================================================================================================================
(1)      American Depositary Receipts evidencing American Depositary Shares
         ("ADSs") issuable on deposit of Shares of Nokia Corporation, par value
         EUR 0.06 per share (the "Shares"), have been registered pursuant to a
         separate Registration Statement on Form F-6 (Registration No. 333-4920)
         and currently are traded on the New York Stock Exchange under the
         ticker symbol "NOK." Each ADS represents one Share. Pursuant to Rule
         416 under the Securities Act of 1933, as amended (the "Securities
         Act"), this Registration Statement on Form S-8 shall also cover any
         additional Shares that become deliverable by reason of any stock
         dividend, stock split, recapitalization or other similar transaction
         effected without the receipt of consideration that results in an
         increase in the number of outstanding Shares.
(2)      Represents an aggregate of 5,750,000 Shares, of which 1,000,000 Shares
         are available for future issuance under the Nokia Performance Share
         Plan 2006, 750,000 Shares are available for future issuance under the
         Nokia Restricted Share Plan 2006, 2,000,000 Shares are available for
         future issuance under the Nokia Stock Option Plan 2005 and 2,000,000
         Shares are available for issuance under the Nokia Auxiliary Equity Plan
         2006 and may be distributed under its sub-plans (currently the Nokia
         Auxiliary Performance Share Plan 2006, the Nokia Auxiliary Restricted
         Share Plan 2006, and the Nokia Auxiliary Stock Option Plan 2006).
(3)      Estimated solely for the purpose of calculating the registration fee.
         Such estimate is calculated pursuant to Rules 457(c) and 457(h) under
         the Securities Act of 1933, as amended, based on the average of the
         high and low trading prices ($20.50 and $20.01, respectively) of Nokia
         Corporation ADSs on the New York Stock Exchange on March 28, 2006.
Part I

              INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1.   Plan Information.*

Item 2.   Registrant Information and Employee Plan Annual Information.*

-----------------
*        Information required by Part I to be contained in the Section 10(a)
         prospectus is omitted from this Registration Statement in accordance
         with Rule 428 under the Securities Act, and the "Note" to Part I of
         Form S-8.
Part II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.   Incorporation of Documents by Reference.

         The following documents filed with the Securities and Exchange
Commission (the "Commission") are incorporated by reference as of their
respective dates in this Registration Statement:

(a)      the Registrant's Form 20-F for the fiscal year ended December 31, 2005
         (File No. 1-13202), filed on March 2, 2006; and

(b)      the description of the Registrant's Shares, par value EUR 0.06 per
         share (the "Shares"), registered under Section 12 of the U.S.
         Securities Exchange Act of 1934, as amended (the "Exchange Act"),
         contained in "Item 9. The Offer and Listing" and "Item 10. Additional
         Information," respectively, of the Form 20-F described in, and
         incorporated by reference in, paragraph (a) above.

         All documents subsequently filed by the Registrant pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a
post-effective amendment to this Registration Statement, which indicates that
all securities offered have been sold or which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference in this
Registration Statement and are a part hereof from the date of filing of such
documents.

         Any statement contained in a document incorporated or deemed
incorporated by reference in this Registration Statement shall be deemed to be
modified or superseded for purposes of this Registration Statement to the extent
that a statement contained herein or in any other subsequently filed document
which also is or is deemed to be incorporated by reference herein modifies or
supersedes such statement. Any such statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.

Item 4.  Description of Securities.

         Not applicable.

Item 5.  Interests of Named Experts and Counsel.

         Not applicable.

Item 6.  Indemnification of Directors and Officers.

         The Articles of Association of the Registrant contain no provisions
under which any member of the Board of Directors or officers is indemnified in
any manner against any liability which he may incur in his capacity as such.
Article 12 of the Articles of Association of
the Registrant, however, provides inter alia, that the "General Meeting of
Shareholders ... shall take resolutions on ... discharging the members of the
Board of Directors and the President from liability."

         The Registrant maintains liability insurance in the amount of the
aggregate of EUR 350 million for its Board of Directors and certain of its
officers. Such persons are insured against liability for "wrongful acts,"
including breach of duty, breach of trust, neglect, error and misstatement.

         At present, there is no pending material litigation or proceeding
involving a director or officer of the Registrant where indemnification will be
required or permitted. In addition, the Registrant is not aware of any
threatened material litigation or proceeding that may result in a claim for such
indemnification.

Item 7.   Exemption from Registration Claimed.

          Not applicable.

Item 8.   Exhibits.

          See Exhibit Index.

Item 9.   Undertakings.

(a)      The undersigned Registrant hereby undertakes:

         (1)  To file, during any period in which offers or sales are being made
              of securities registered hereby, a post-effective amendment to
              this Registration Statement which shall include any material
              information with respect to the plan of distribution not
              previously disclosed in the Registration Statement or any material
              change to such information in the Registration Statement;

         (2)  That, for the purpose of determining any liability under the
              Securities Act, each such post-effective amendment shall be deemed
              to be a new registration statement relating to the securities
              offered therein, and the offering of such securities at that time
              shall be deemed to be the initial bona fide offering thereof; and

         (3)  To remove from registration by means of a post-effective amendment
              any of the securities being registered which remain unsold at the
              termination of the offering.

(b)      The undersigned Registrant hereby further undertakes that, for purposes
         of determining any liability under the Securities Act, each filing of
         the Registrant's annual report pursuant to Section 13(a) or 15(d) of
         the Exchange Act that is incorporated by reference in the Registration
         Statement shall be deemed to be a new registration statement relating
         to the securities offered therein, and the offering of such securities
         at that time shall be deemed to be the initial bona fide offering
         thereof.

                                       5
(c)      Insofar as indemnification for liabilities arising under the Securities
         Act may be permitted to directors, officers and controlling persons of
         the Registrant pursuant to the foregoing provisions, or otherwise, the
         Registrant has been advised that in the opinion of the Securities and
         Exchange Commission such indemnification is against public policy as
         expressed in the Securities Act and is, therefore, unenforceable. In
         the event that a claim for indemnification against such liabilities
         (other than the payment by the Registrant of expenses incurred or paid
         by a director, officer or controlling person of the Registrant in the
         successful defense of any action, suit or proceeding) is asserted by
         such director, officer or controlling person in connection with the
         securities being registered, the Registrant will, unless in the opinion
         of its counsel the matter has been settled by controlling precedent,
         submit to a court of appropriate jurisdiction the question whether such
         indemnification by it is against public policy as expressed in the
         Securities Act and will be governed by the final adjudication of such
         issue.

                                       6
Part III

                                   SIGNATURES

         Pursuant to the requirements of the U.S. Securities Act of 1933, as
amended, the Registrant certifies that it has reasonable grounds to believe that
it meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in Helsinki, Republic of Finland on March 30, 2006.

NOKIA CORPORATION

By:   /s/ Kaarina Stahlberg                By:  /s/ Marianna Uotinen-Tarkoma
   -----------------------------              ------------------------------
Name:  Kaarina Stahlberg                   Name:  Marianna Uotinen-Tarkoma
Title: Vice President, Assistant           Title: Director, Corporate &
       General Counsel                            Securities Law

                                       7
POWER OF ATTORNEY

         KNOW ALL MEN BY THESE PRESENTS that each person whose signature appears
below constitutes and appoints Ms. Kaarina Stahlberg and/or Ms. Marianna
Uotinen-Tarkoma his/her true and lawful attorney-in-fact and agent, each acting
alone, each with full power of substitution, for him/her and in his/her name,
place and stead, in any and all capacities, to sign any or all amendments,
including post-effective amendments, and supplements to this Nokia Corporation
Registration Statement on Form S-8, and to file the same, with all exhibits
thereto and other documents in connection therewith, with the United States
Securities and Exchange Commission, granting unto said attorney(s)-in-fact and
agent(s) full power and authority to do and perform each and every act and thing
requisite and necessary to be done in and about the premises, as fully to all
intents and purposes as he/she might or could do in person, hereby ratifying and
confirming all that said attorney(s)-in-fact and agent(s), or his/her substitute
or substitutes, may lawfully do or cause to be done by virtue thereof.

         Pursuant to the requirements of the U.S. Securities Act of 1933, as
amended, this Registration Statement has been signed below by the following
persons in the indicated capacities on March 30, 2006.

Members of the Board of Directors:

/s/ Paul J. Collins
__________________________________          Vice Chairman, Director
Name:  Paul J. Collins

/s/ Georg Ehrnrooth
__________________________________          Director
Name:  Georg Ehrnrooth

/s/ Daniel R. Hesse
__________________________________          Director
Name:  Daniel R. Hesse

/a/ Dr. Bengt Holmstrom
__________________________________          Director
Name:  Dr. Bengt Holmstrom

/s/ Per Karlsson
__________________________________          Director
Name:  Per Karlsson

                                       8
/s/ Edouard Michelin
__________________________________          Director
Name:  Edouard Michelin

/s/ Jorma Ollila
----------------------------------          Chairman of the Board of Directors
Name:  Jorma Ollila                         Chief Executive Officer

/s/ Dame Marjorie Scardino
__________________________________          Director
Name:  Dame Marjorie Scardino

/s/ Keijo Suila
__________________________________          Director
Name:  Keijo Suila

/s/ Vesa Vainio
__________________________________          Director
Name:  Vesa Vainio

President:

/s/ Olli-Pekka Kallasvuo
----------------------------------
Name:  Olli-Pekka Kallasvuo

Chief Financial Officer (whose functions
include those of Chief Accounting
Officer):

/s/ Richard A. Simonson
----------------------------------
Name:  Richard A. Simonson

                                       9
Authorized Representative in the United States:

/s/ Richard W. Stimson
----------------------------------
Name:  Richard W. Stimson

                                       10
EXHIBIT INDEX

Exhibit No.                   Description of Document

4.1      Articles of Association of the Registrant (English translation)
         (incorporated by reference to the Registrant's Form 20-F for the year
         ended December 31, 2000 (File No. 1-13202), filed with the Commission
         on June 28, 2001).

4.2      Amended and Restated Deposit Agreement dated March 28, 2000 by and
         among Nokia Corporation, Citibank, N.A., as Depositary, and the Holders
         from time to time of American Depositary Receipts representing American
         Depositary Shares issued thereunder (incorporated by reference to
         Registrant's Form F-6 Registration Statement (Registration No.
         333-11740), filed with the Commission on March 28, 2000).

*4.3     Nokia Performance Share Plan 2006.

*4.4     Nokia Restricted Share Plan 2006.

 4.5     Nokia Stock Option Plan 2005 (incorporated by reference to the
         Registrant's Form S-8 (Registration No. 333-124700) filed with the
         Commission on May 6, 2005).

*4.6     Nokia Auxiliary Equity Plan 2006.

*4.7     Nokia Auxiliary Performance Share Plan 2006.

*4.8     Nokia Auxiliary Restricted Share Plan 2006.

*4.9     Nokia Auxiliary Stock Option Plan 2006.

*5.1     Opinion of Kaarina Stahlberg, VP, Assistant General Counsel of the
         Registrant, as to the validity of the shares to be issued pursuant to
         the Nokia Performance Share Plan 2006, the Nokia Restricted Share Plan
         2006, the Nokia Stock Option Plan 2005, and the Nokia Auxiliary Equity
         Plan 2006 (currently comprised of the Nokia Auxiliary Performance Share
         Plan 2006, the Nokia Auxiliary Restricted Share Plan 2006 and the Nokia
         Auxiliary Stock Option Plan 2006).

*23.1    Consent of PricewaterhouseCoopers Oy, Helsinki, Finland, Independent
         Registered Public Accounting Firm.

*23.2    Consent of Kaarina Stahlberg, VP, Assistant General Counsel of the
         Registrant (included in Exhibit 5.1).

*24      Power of Attorney (included on signature page).

---------------------------
* Filed herewith.

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