Nokia - Changes in company's own shares

SHARE REPURCHASES 20.11.2007

Nokia Corporation                         ANNOUNCEMENT         20.11.2007  
                                                                           
SHARE REPURCHASES                         20.11.2007          
                                                                           
In the Helsinki Stock Exchange          
                                                                           
Trade date                                20.11.2007          
Bourse trade                              Buy                 
Share                                     NOK1V               
Amount                                    800.000 shares      
Total cost                                21.351.440,00 EUR         
Average price / share                     26,6893 EUR         
Highest price / share                     26,79 EUR         
Lowest price / share                      26,40 EUR         
                                                              
Nokia Corporation now holds               119.037.253 shares      
including the shares repurchased on       20.11.2007          
                                                                           
On behalf of Nokia Corporation          
                                                                           
Deutsche Bank AG                        
                                                                           
                                                                           
Juha Pomell                               Carl Hemmestad