Nokia - Changes in company's own shares

SHARE REPURCHASES 23.05.2007

Nokia Corporation          ANNOUNCEMENT          23.05.2007

SHARE REPURCHASES          23.05.2007
In the Helsinki Stock Exchange





Trade Date                                        23.05.2007
Bourse Trade                                      BUY
Share                                             NOK1V
Amount                                            1,810,000       Shares
Total cost                                        35,565,233.00   EUR 
Average Price / share                             19.6493         EUR 
Highest Price / share                             19.76           EUR 
Lowest Price / share                              19.58           EUR 



Nokia Corporation now holds a total of 20,216,398 shares including the Shares
repurchased on 23.05.2007 


On behalf of Nokia Corporation


Goldman Sachs International


Mark Stougaard              Matthew Welstead