Nokia - Corporate Action

Exercises with stock options of Nokia Corporation

Nokia Corporation                                                               
Stock exchange release                                                          
2.4.2008 at 9.15 (CET+1)                                                        

Exercises with stock options of Nokia Corporation                               

Espoo, Finland - A total of 416 661 shares of Nokia Corporation ("Nokia") were  
subscribed for between 3.3.2008 - 31.3.2008 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                                                            
E-mail: press.services@nokia.com                                                
www.nokia.com