Option programme (2002) 

The Board of Directors decided to continue the rolling incentive programme including an option programme introduced in 1999. The 2002 option programme will cover approximately 1,000 participants. The strike price is EUR 16.50, based on an average price for the Series R shares on the Helsinki Stock Exchange in the period 31 January to 7 February 2002 plus a premium of 10%. The programme will include a total of 6,000,000 options/synthetic options, which will be financially hedged and will not dilute existing shares. The seven-year options/synthetic options, which may be exercised between 8 February 2005 and 7 February 2009, entitle participants either to cash compensation in the form of the difference between the strike price and the prevailing share price or shares (not new), depending on the legal restrictions in each country. The option/synthetic options are not transferable and expire if the employee leaves the company.