Nokia - Major shareholder announcements

Notification under Chapter 2, Section 10 of the Finnish Securities Market Act: holdings of HSBC Holdings PLC in Nokia Corporation

Nokia Corporation                                                               
Stock exchange release                                                          
April 27, 2009 at 18.20 (CET+1)                                                 

Notification under Chapter 2, Section 10 of the Finnish Securities Market Act:  
holdings of HSBC Holdings PLC in Nokia Corporation                              

Espoo, Finland - According to information received by Nokia Corporation, the    
holdings of HSBC Holdings PLC exceeded 5% of the share capital of Nokia on April
20, 2009 but represented again less than 5% on April 24, 2009.                  
On April 20, 2009, the holdings of HSBC Holdings PLC and its direct and indirect
subsidiaries, including Halbis Capital Management (UK) Limited, Hang Seng Bank  
(Trustee) Limited, HSBC Bank plc, HSBC Financial Products (France), HSBC Global 
Asset Management (Canada) Limited, HSBC Global Asset Management (International) 
Limited, HSBC Global Asset Management (USA) Inc, HSBC Guyerzeller Bank AG, HSBC 
International Trustee Limited, HSBC Investment Management, HSBC Private Bank    
(Jersey) Limited, HSBC Trinkaus & Burkhardt AG, HSBC Trust Company (Canada),    
HSBC Trustee (Hong Kong) Limited, Louvre Gestion, Sinopia Asset Management,     
Sinopia Asset Management (UK) Limited, HSBC Global Asset Management (France) and
HSBC global Asset Management (Hong Kong) Limited, in Nokia amounted to a total  
of 195 149 080 Nokia shares, corresponding to approximately 5.21% of the total  
number of shares and voting rights of Nokia. On April 20, 2009, the direct      
holding of HSBC Holdings PLC was 186 811 653 Nokia shares, corresponding to     
approximately 4.99% of the total number shares and voting rights of Nokia and   
its indirect holding was 8 337 427 shares and approximately 0.22%, respectively.

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