Nokia - Changes in company's own shares

SHARE REPURCHASES 16.08.2007

Nokia Corporation                         ANNOUNCEMENT         16.08.2007  
                                                                           
SHARE REPURCHASES                         16.08.2007          
                                                                           
In the Helsinki Stock Exchange          
                                                                           
Trade date                                16.08.2007          
Bourse trade                              Buy                 
Share                                     NOK1V               
Amount                                    1.800.000 shares      
Total cost                                38.077.200,00 EUR         
Average price / share                     21,1540 EUR         
Highest price / share                     21,41 EUR         
Lowest price / share                      20,93 EUR         
                                                              
Nokia Corporation now holds               63.966.839 shares      
including the shares repurchased on       16.08.2007          
                                                                           
On behalf of Nokia Corporation          
                                                                           
Deutsche Bank AG                        
                                                                           
                                                                           
Juha Pomell                               Carl Hemmestad