Nokia - Company Announcement

Nokia Board of Directors resolved on a directed share issuance to Nokia employees participating in the Employee Share Purchase Plan 2013

Nokia Corporation
Stock Exchange Release
August 20, 2014 at 9:05 (CET +1)

Espoo, Finland - Nokia announced that Nokia's Board of Directors has resolved
on a directed issuance of a maximum amount of 200,592 Nokia shares (NOK1V) held
by the company to Nokia employees participating in the Employee Share Purchase
Plan 2013. The one-year cycle of the Employee Share Purchase Plan 2013 ended on
June 30, 2014. 

Under the terms and conditions of the Employee Share Purchase Plan 2013 Nokia
will offer one matching share for every two shares purchased under the plan
which the participant still held as at June 30, 2014. The shares are issued
without consideration. As the shares are held by the company, the total number
of the company's outstanding shares does not change as a consequence of the
issuance. The shares will be delivered to the employees in September 2014. 

The Board of Directors approved the launch of the Employee Share Purchase Plan
2013 as part of the Nokia Equity Program 2013 on January 24, 2013 to encourage
employee share ownership, commitment and engagement. The Board resolution is
based on the authorization to issue shares granted to the Board by the Annual
General Meeting on June 17, 2014. 


About Nokia
Nokia invests in technologies important in a world where billions of devices
are connected. We are focused on three businesses: network infrastructure
software, hardware and services, which we offer through Nokia Networks;
location intelligence, which we provide through HERE; and advanced technology
development and licensing, which we pursue through Nokia Technologies. Each of
these businesses is a leader in its respective field. http://company.nokia.com 


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