Nokia - Changes in company's own shares

Changes in Nokia Corporation's own shares

Nokia Corporation
Stock exchange release
February 23, 2011 at 12.00 (CET +1)

Espoo, Finland - Based on previously announced decisions of the Board of
Directors to issue shares held by the Company, 898 975 Nokia shares (NOK1V)
held by the Company are today transferred to participants of Nokia's
equity-based incentive plans as settlement in accordance with the plan rules. <b style="mso-bidi-font-weight: normal">About Nokia
At Nokia, we are committed to connecting people. We combine advanced technology
with personalized services that enable people to stay close to what matters to
them. Every day, more than 1.3 billion people connect to one another with a
Nokia device - from mobile phones to advanced smartphones and high-performance
mobile computers. Today, Nokia is integrating its devices with innovative
services through Ovi (www.ovi.com), including music, maps, apps, email and
more. Nokia's NAVTEQ is a leader in comprehensive digital mapping and
navigation services, while Nokia Siemens Networks provides equipment, services
and solutions for communications networks globally. <b style="mso-bidi-font-weight: normal">Media Enquiries:

Nokia
Communications
Tel. +358 7180 34900
Email: press.services@nokia.com

www.nokia.com