Nokia - Total number of voting rights and capital

Exercises with stock options of Nokia Corporation

Nokia Corporation
Stock Exchange Release
August 31, 2017 at 9:00 (CET +1)

Exercises with stock options of Nokia Corporation

Espoo, Finland - Based on Nokia Corporation's 2011 Stock Option Plan a total of
45 000 Nokia shares were subscribed for between July 25 and August 25, 2017. The
subscription price was EUR 1.82 per share for 35 000 shares and EUR 2.35 per
share for 10 000 shares. The total amount of the subscription price, EUR
87 200.00, 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
August 31, 2017. The shares are expected to commence trading in Nasdaq Helsinki
as of September 1, 2017, and in Euronext Paris as of September 4, 2017, together
with other Nokia shares (NOKIA). 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 5 836 318 262 shares.

About Nokia
We create the technology to connect the world. Powered by the research and
innovation of Nokia Bell Labs, we serve communications service providers,
governments, large enterprises and consumers, with the industry's most complete,
end-to-end portfolio of products, services and licensing.

From the enabling infrastructure for 5G and the Internet of Things, to emerging
applications in virtual reality and digital health, we are shaping the future of
technology to transform the human experience. www.nokia.com

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

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