Nokia - Corporate Action

Exercises with stock options of Nokia Corporation

Nokia Corporation
Stock exchange release
July 4, 2008 at 10.00 (CET +1)

Exercises with stock options of Nokia Corporation 

Based on Nokia's 2003 and 2005 employee stock option plans, 136 030 shares of
Nokia Corporation were subscribed for between June 2, 2008 and June 30, 2008
and between May 8, 2008 and May 30, 2008 136 825 shares as previously
announced. The total amount of subscription prices will be recorded in the fund
for invested non-restricted equity. 

The new shares carry full shareholder rights as from the registration date,
July 4, 2008. The shares are admitted to public trading on the OMX Nordic
Exchange Helsinki as of the registration date together with the old Nokia share
class (NOK1V). 

 After the registration, the total number of shares is 3 800 415 410, including
the shares held by the company. 

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