Nokia - Major shareholder announcements

Notification under Chapter 2, Section 10 of the Finnish Securities Market Act:

Notification under Chapter 2, Section 10 of the Finnish Securities Market Act:  
holdings of Deutsche Bank AG in Nokia Corporation exceeded 5 %                  

Espoo, Finland - According to information received by Nokia Corporation, the    
holdings (shares and related financial instruments) of Deutsche Bank AG have    
exceeded 5% of the share capital of Nokia on November 16, 2007.                 
                                                                                
Deutsche Bank AG is a financial institution domiciled in Frankfurt, Germany. On 
November 16, 2007, the holdings of Deutsche Bank and its controlled             
undertakings, acting as fund managers on behalf of a number of clients, in Nokia
comprising both shares and related financial instruments amounted to a total of 
198,689,651 Nokia shares, corresponding to approximately 5.05 % of the share    
capital of Nokia.                                                               

The previous notification regarding the holdings of Deutsche Bank in Nokia was  
made on November 16, 2007.                                                      
                                                                                
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