Nokia - Corporate Action

Exercises with stock options of Nokia Corporation

Espoo, Finland - A total of 3 231 747 shares of Nokia Corporation (“Nokia”) were
subscribed for between 28.12. 2006 - 2.5. 2007 based on Nokia's 2003 and 2005   
employee stock option plans. This resulted in an increase of EUR 193 904.82 in  
Nokia's share capital and an increase of EUR 45 995 860.19 in other shareholders
equity. The new shares carry full shareholder rights as from the registration   
date May 9, 2007. The shares are admitted to public trading on the Helsinki     
Exchanges as of the same date together with the old Nokia share class (NOK1V).  
	                                                                               
As a result of the increase, the share capital of Nokia is currently EUR 245 896
461.96 and the total number of shares is 3 928 774 366 including the shares that
are held by the company.                                                        

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Email: press.office@nokia.com                                                   
                                                                                
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