Nokia - Corporate Action

Exercises with stock options of Nokia Corporation

Exercises with stock options of Nokia Corporation                               

Espoo, Finland - A total of 959 931 shares of Nokia Corporation ("Nokia") were  
subscribed for between 5.6.2007 - 2.7.2007 based on Nokia's 2001, 2003 and 2005 
employee stock option plans. The total amount of subscription prices, EUR 13 693
901.23, is recorded in the fund for invested non-restricted equity. The new     
shares carry full shareholder rights as from the registration date July 6, 2007.
The shares are admitted to public trading on the Helsinki Exchanges as of the   
same date together with the old Nokia share class (NOK1V).                      
                                                                                
After the registration, the total number of shares is 3 931 732 067 including   
the shares held by the company.                                                 
                                                                                
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Communications                                                                  
Tel: +358 7180 34900                                                            
Email: press.office@nokia.com                                                   
                                                                                
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