Nokia - Corporate Action

Exercises with stock options of Nokia Corporation

Exercises with stock options of Nokia Corporation                               

Espoo, Finland - A total of  804 655 shares of Nokia Corporation ("Nokia") were
subscribed for between 12.2.2008 - 29.2.2008 based on Nokia's 2003 and 2005
employee stock option plans. The total amount of subscription prices will be
recorded in the fund for invested non-restricted equity. 

The new shares will be recorded in the Trade Register on or about May 14, 2008. 
The new shares carry full shareholder rights as from the registration date. The 
shares are admitted to public trading on the Helsinki Exchanges as of the       
registration date together with the old Nokia share class (NOK1V).              

Media Enquiries:                                                                
Nokia                                                                           
Communications                                                                  
Tel- +358 7180 34900                                                            
Email: press.services@nokia.com                                                 
www.nokia.com