Nokia - Company Announcement

Nokia Board of Directors resolved on a directed share issuance to Nokia employees participating in the Employee Share Purchase Plan 2014

Nokia Corporation
Stock Exchange Release
September 30, 2015 at 13:15 (CET +1)

Nokia Board of Directors resolved on a directed share issuance to Nokia
employees participating in the Employee Share Purchase Plan 2014

Espoo, Finland - Nokia announced that Nokia's Board of Directors has resolved on
a directed issuance of a maximum amount of 141 581 Nokia shares (NOKIA) held by
the company to Nokia employees participating in the Employee Share Purchase Plan
2014. The one-year cycle of the Employee Share Purchase Plan 2014 ended on July
31, 2015.

Under the terms and conditions of the Employee Share Purchase Plan 2014 Nokia
will offer one matching share for every two shares purchased under the plan
which the participant still held as at July 31, 2015. The shares are issued
without consideration. As the issued shares are held by the company, the total
number of the company's outstanding shares does not change as a consequence of
the share issuance. The shares will be delivered to the employees in October
2015.

The Board of Directors approved the launch of the Employee Share Purchase Plan
2014 as part of the Nokia Equity Program 2014 on February 14, 2014 to encourage
employee share ownership, commitment and engagement. The resolution to issue
shares is based on the authorization granted to the Board by the Annual General
Meeting on May 5, 2015.

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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