Nokia - Changes in company's own shares

SHARE REPURCHASE 16.05.2007

Nokia Corporation        ANNOUNCEMENT   16.05.2007


SHARE REPURCHASE 16.05.2007

In the Helsinki Stock Exchange

Trade date                      16.05.2007
Bourse trade                    BUY	
Share                           NOK1V
Amount                          1 010 000  shares
Total cost                      19 782 365 EUR
Average price / share           19.5865    EUR
Highest price / share           19.77      EUR
Lowest price / share            19.34      EUR


Nokia Corporation now holds 17 825 158 shares
including the shares repurchased on 16.05.2007	




On behalf of Nokia Corporation	

Cr dit Agricole Cheuvreux Nordic AB	

Bj rn Sandberg                  Michael Bernander