Board's resolution to issue shares held by the Company; Changes in Nokia Corporation's own shares

Espoo, Finland - The Nokia Board of Directors has resolved to issue 2 110 000 Nokia shares (NOK1V) held by the Company as settlement under the Nokia's equity based incentive plans to the plan participants.

Based on the above decision and previously announced decisions of the Board of Directors to issue shares held by the Company, 1 367 176 Nokia shares held by the Company are today transferred to participants of Nokia's equity based incentive plans as settlement under the plans.