Exercises with stock options of Nokia Corporation

Based on Nokia's 2003 and 2005 employee stock option plans, 136 030 shares of Nokia Corporation were subscribed for between June 2, 2008 and June 30, 2008 and between May 8, 2008 and May 30, 2008 136 825 shares as previously announced. The total amount of subscription prices will be recorded in the fund for invested non-restricted equity.

The new shares carry full shareholder rights as from the registration date, July 4, 2008. The shares are admitted to public trading on the OMX Nordic Exchange Helsinki as of the registration date together with the old Nokia share class (NOK1V).

After the registration, the total number of shares is 3 800 415 410, including the shares held by the company.