Nokia - Major shareholder announcements

Notification under Chapter 2, Section 10 of the Finnish Securities Market Act: holdings of JPMorgan Chase & Co. in Nokia Corporation exceeded 5%

Nokia Corporation
Stock exchange release
April 24, 2012 at 16.10 (CET+1)

Espoo, Finland - According to information received by Nokia Corporation, the
holdings, comprising of both shares and financial instruments, of JPMorgan
Chase & Co. have exceeded 5% of the share capital of Nokia. 

On April 20, 2012, the holdings of JPMorgan Chase & Co. and its controlled
undertakings in Nokia, comprising of both shares and financial instruments,
amounted to a total of 215 790 532 Nokia shares, corresponding to approximately
5.76 % of the total number of shares and voting rights of Nokia. The holdings
include shares owned by JPMorgan Chase companies as well as shares held on
behalf of clients. 

The holdings are divided between various controlled undertakings of JPMorgan
Chase & Co. The holdings of J.P. Morgan Securities Ltd. amounted to a total of
200 308 762 Nokia shares, corresponding to approximately 5.35% of the total
number of shares and voting rights of Nokia. 

The above total holdings comprise of 177 074 274 Nokia shares, corresponding to
approximately 4.73 % of the total number of shares and voting rights of Nokia,
and various financial instruments that can in aggregate result to a holding of
38 716 258 Nokia shares, corresponding to approximately 1.03% of the total
number of shares and voting rights of Nokia. 

The financial instruments are customary to the financial markets, such as
option arrangements, with expirations dates ranging from April 27, 2012 to
January 18, 2014. 

JPMorgan Chase & Co. has its head office at 270 Park Avenue, New York, NY
10017, USA and its IRS identification number is 13-2624428. J.P. Morgan
Securities Ltd. is a company registered in the United Kingdom under
registration number 02711006 and is an indirectly wholly owned subsidiary of
JPMorgan Chase & Co. 

About Nokia
Nokia is a global leader in mobile communications whose products have become an
integral part of the lives of people around the world. Every day, more than 1.3
billion people use their Nokia to capture and share experiences, access
information, find their way or simply to speak to one another. Nokia's
technological and design innovations have made its brand one of the most
recognized in the world. For more information, visit
http://www.nokia.com/about-nokia 

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