Nokia - Corporate Action

Nokia cancellation of treasury shares registered

Pursuant to Nokia's decision announced on March 29, 2007, the cancellation of   
169 500 000 shares held by the Company has been registered with the Finnish     
Trade Register today. Thus, the total number of shares outstanding is now       
3 925 542 619.                                                                  
                                                                                
Press and investors:                                                            
                                                                                
Nokia                                                                           
Communications                                                                  
Tel +358 7180 34900                                                             

Nokia                                                                           
Investor Relations, Europe                                                      
Tel. +358 7180 34289                                                            
                                                                                
Investor Relations, US                                                          
Tel. +1 914 368 0555                                                            
                                                                                
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