Nokia - Changes in company's own shares

SHARE REPURCHASES 21.05.2007

Nokia Corporation          ANNOUNCEMENT          21.05.2007


SHARE REPURCHASES          21.05.2007
In the Helsinki Stock Exchange


Trade Date                                        21.05.2007
Bourse Trade                                      BUY
Share                                             NOK1V
Amount                                            960,000        Shares
Total cost                                        19,303,584.00  EUR 
Average Price / share                             20.1079        EUR 
Highest Price / share                             20.22          EUR 
Lowest Price / share                              19.94          EUR 



Nokia Corporation now holds a total of 17,446,398 shares including the Shares
repurchased on 21.05.2007 


On behalf of Nokia Corporation


Goldman Sachs International


Peter Sjontoft               Matthew Welstead