Nokia - Company Announcement

Changes in Nokia Corporation's own shares

Nokia Corporation                                                               
Stock exchange release                                                          
July 21, 2008 at 11:40                                                          

Changes in Nokia Corporation's own shares                                       

Espoo, Finland - Based on previously announced decisions of the Board of        
Directors to issue shares held by the Company, 11 274 Nokia shares (NOK1V) held 
by the Company are today transferred to Nokia performance share plan            
participants as settlement under the plans.                                     

NOKIA CORPORATION                                                               

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