Nokia - Corporate Action

Exercises with stock options of Nokia Corporation

Nokia Corporation
Stock Exchange Release
January 8, 2016 at 09:00 (CET +1)

Exercises with stock options of Nokia Corporation

Espoo, Finland - Based on Nokia Corporation's 2011 Stock Option Plan a total of
200 365 Nokia shares were subscribed for between December 1 and December
30, 2015. The subscription price was EUR 5.76 per share for 121 815 shares, EUR
4.58 per share for 1 400 shares, EUR 3.50 per share for 2 000 shares, EUR 2.18
per share for 22 650 shares and EUR 1.92 per share for 52 500 shares. The total
amount of the subscription price, EUR 865 243.40, will be recorded in the fund
for invested non-restricted equity and, consequently, the share capital of the
company does not increase.

The new shares carry all the shareholder rights as of the registration date
January 8, 2016. The shares will commence trading in Nasdaq Helsinki (NOKIA)
together with other Nokia shares as of January 11, 2016 and are expected to
commence trading on Euronext Paris (NOKIA) as of January 12, 2016. Euronext
Paris will publish a notice announcing the admission to trading on Euronext
Paris of the new shares.

The amount of Nokia shares after registration of the shares in the Trade
Register is 5 448 742 644 shares.

About Nokia
By focusing on the human possibilities of technology, Nokia embraces the
connected world to help people thrive. Our businesses are leaders in their
respective fields: Nokia Networks provides broadband infrastructure, software
and services; and Nokia Technologies provides advanced technology development
and licensing. www.nokia.com

Media Enquiries:
Nokia
Communications
Tel. +358 (0) 10 448 4900
Email: press.services@nokia.com


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