Nokia - Corporate Action

Exercises with stock options of Nokia Corporation

Nokia Corporation
Stock Exchange Release
December 4, 2015 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
472 672 Nokia shares were subscribed for between November 3 and November
30, 2015. The subscription price was EUR 5.76 per share for 186 422 shares, EUR
3.50 per share for 110 000 shares, EUR 2.18 per share for 11 250 shares and EUR
1.92 per share for 165 000 shares. The total amount of the subscription price,
EUR 1 800 115.72, will be recorded in the fund for invested non-restricted
equity and, consequently, the share capital of the company does not increase.

The amount of Nokia shares after registration of the shares in the Trade
Register is 3 992 863 716 shares. The new shares carry all the shareholder
rights as of the registration date December 4, 2015. The shares will commence
trading in Nasdaq Helsinki (NOKIA) together with other Nokia shares as of
December 4, 2015 and are expected to commence trading on Euronext Paris (NOKIA)
as of December 7, 2015. Euronext Paris will publish a notice announcing the
admission to trading on Euronext Paris of the new shares.

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

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


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