Nokia - Changes in company's own shares

SHARE REPURCHASES 20.5.2008

Nokia Corporation       ANNOUNCEMENT     20.5.2008


SHARE REPURCHASES  20.5.2008

In the Helsinki Stock Exchange

Trade date              20.5.2008
Bourse trade            BUY
Share                   NOK1V
Amount                  2.060.000      shares
Total cost              39.225.770,15  EUR
Average price/ share    19,0416        EUR
Highest price/ share    19,27          EUR
Lowest price/ share     18,75          EUR



Nokia Corporation now holds a total of 43.897.298 shares
including the shares repurchased on 20.05.2008.


On behalf of Nokia Corporation

Nordea Bank Finland Plc

Petri Simberg          Julius Summanen