Exercises with stock options of Nokia Corporation

Nokia Corporation
Stock exchange release
August 1, 2008 at 9.45 (CET +1)

Espoo, Finland - Based on Nokia's 2003 and 2005 employee stock option plans, 153 238 shares of Nokia Corporation were subscribed for between July 1, 2008 and July 28, 2008. The total amount of subscription prices will be recorded in the fund for invested non-restricted equity.

The new shares carry full shareholder rights as from the registration date, August 1, 2008. The shares are admitted to public trading on the OMX Nordic Exchange Helsinki as of the registration date together with the old Nokia share class (NOK1V).

After the registration, the total number of shares is 3 800 568 648, including the shares held by the company.