Nokia - Changes in company's own shares

Changes in Nokia Corporation's own shares

Nokia Corporation                                                               
Stock exchange release                                                          
October 27, 2010 at 12.45 (CET +1)   
Changes in Nokia Corporation's own shares 
Espoo, Finland - Based on previously announced decisions of the Board of        
Directors to issue shares held by the Company, 206 295 Nokia shares (NOK1V) held
by the Company are today transferred to participants of Nokia's equity-based    
incentive plans as settlement in accordance with the plan rules.                

About Nokia                                                                     
At Nokia, we are committed to connecting people. We combine advanced            
technology with personalized services that enable people to stay close to what  
matters to them. Every day, more than 1.3 billion people connect to one another 
with a Nokia device - from mobile phones to advanced smartphones and            
high-performance mobile computers. Today, Nokia is integrating its devices with 
innovative services through Ovi (www.ovi.com), including music, maps, apps,     
email and more. Nokia's NAVTEQ is a leader in comprehensive digital mapping and 
navigation services, while Nokia Siemens Networks provides equipment, services  
and solutions for communications networks globally.                             

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