Nokia - Company Announcement

Conversion of Nokia Corporation’s Convertible Bond into shares of Nokia

Nokia Corporation
Stock Exchange Release
March 15, 2013 at 10.00 (CET +1)

Espoo, Finland - By using conversion right pertaining to Nokia's EUR 750
million Convertible Bond due 2017 38 290 shares of Nokia have been subscribed
for. The conversion price is EUR 2.6116 per share. The conversion amount, EUR
100 000, is recorded in the fund for invested non-restricted equity and,
consequently, the share capital of the company is not increased. 

The amount of Nokia shares after registration of the shares into Trade Register
is 3 744 994 342 shares. Each share carries one vote. 

The new shares carry all the shareholder rights as of the registration date
March 15, 2013. The shares are subject to trading in NASDAQ OMX Helsinki Oy
together with other Nokia shares (NOK1V) as of March 18, 2013. 

About Nokia
Nokia is a global leader in mobile communications whose products have become an
integral part of the lives of people around the world. Every day, more than 1.3
billion people use their Nokia to capture and share experiences, access
information, find their way or simply to speak to one another. Nokia's
technological and design innovations have made its brand one of the most
recognized in the world. For more information, visit
http://www.nokia.com/about-nokia. 

Media Enquiries:

Nokia
Communications
Tel. +358 7180 34900
Email: press.services@nokia.com

www.nokia.com