Nokia - Corporate Action

Exercises with stock options of Nokia Corporation

Espoo, Finland - A total of 43 872 244 shares of Nokia Corporation ("Nokia")    
were subscribed for between 11.12.2007 - 31.12.2007 based on Nokia's 2001, 2003,
2005 and 2007 employee stock option plans. The total amount of subscription     
prices, EUR 782 129 244.53, is recorded in the fund for invested non-restricted 
equity. The new shares carry full shareholder rights as from the registration   
date January 4, 2008. The shares are admitted to public trading on the Helsinki 
Exchanges as of the same date together with the old Nokia share class (NOK1V).  
After the registration, the total number of shares is 3 982 811 957 including   
the shares held by the company.                                                 

Nokia's 2001 employee stock option plan, approved by the Annual General Meeting 
in 2001, expired as of 31 December 2007. In total 43 822 343 shares were        
subscribed and registered under the 2001 employee stock option plan.            

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Email: press.office@nokia.com                                                   

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